LONDON, May 21 (Reuters) - European stocks were seen falling on Wednesday, tracking losses in the United States and in Asia to lead major indexes further away from multi-year highs. Financial spreadbetters expected Britain's FTSE 100.FTSE to open 10 to 12 points lower, or down 0.2 percent, Germany's DAX.GDAXI to open 27 to 32 points lower, or dow 0.3 percent, and France's CAC 40.FCHI to open down 14 to 16 points, or as much as 0.4 percent lower. Wall Street set the tone on Tuesday for a weak session in Asia on Wednesday after disappointing results for heavy machinery firm CaterpillarCAT.N and in the retail sector prompted a broad sell-off in U.S. stocks.ID:nL1N0O61W8 "Europe should open on the back foot this morning, with futures markets finding little inspiration from the modest moves in Asia," Chris Weston, chief market strategist at IG, said in a note. The retail sector will also be in focus in Europe, with luxury firm BurberryBRBY.L reporting results. Across the DJ STOXX Europe 600.STOXX , earnings season so far has been mediocre, with 51 percent of companies missing earnings estimates and nearly 60 percent missing analyst expectations for revenue. The pan-European FTSEurofirst 300.FTEU3 is down 0.3 percent so far this week, suffering from poor results from the likes of telecoms giant VodafoneVOD.L . It has fallen 1.2 percent since hitting its highest level since May 2008 last Thursday. Europe bourses in 2014: (http://link.reuters.com/pad95v ) Asset performance in 2014: (http://link.reuters.com/rav46v ) ------------------------------------------------------------------------------ MARKET SNAPSHOT AT 0514 GMT: LAST PCT CHG NET CHG S&P 500.SPX 1,872.83 -0.65 % -12.25 NIKKEI.N225 14040.78 -0.24 % -34.47 MSCI ASIA EX-JP.MIAPJ0000PUS 482.5 -0.2 % -0.98 EUR/USDEUR= 1.3706 0.03 % 0.0004 USD/JPYJPY= 101.23 -0.08 % -0.0800 10-YR US TSY YLDUS10YT=RR 2.514 -- 0.01 10-YR BUND YLDEU10YT=RR 1.350 -- -0.01 SPOT GOLDXAU= $1,295.14 0.1 % $1.34 US CRUDECLc1 $102.93 0.59 % 0.60 > GLOBAL MARKETS-Asia spooked by Wall Street loss, dollar dipsMKTS/GLOB > US STOCKS-Retail stocks lead selloff on Wall St after earnings.N > Nikkei falls as BOJ awaited; construction equipment makers hit.T > TREASURIES-U.S. bond prices rise on Dudley commentsUS/N > FOREX-Wounded dollar eyes BOJ, Aussie slides to 2-week lowFRX/ > PRECIOUS-Gold steady; platinum gains on supply worriesGOL/ > METALS-Copper drifts as traders take profits on tepid demandMET/L > Brent climbs towards $110 on Libya violence, U.S. stock drawO/R (Reporting by Alistair Smout; Editing by Anupama Dwivedi) ((alistair.smout@thomsonreuters.com)(+44 207 542 7064)(Reuters Messaging: alistair.smout.thomsonreuters.com@reuters.net)) Keywords: MARKETS EUROPE FACTORS
European Factors to Watch-Stocks to fall further from highs
LONDON, May 21 (Reuters) - European stocks were seen falling on Wednesday, tracking losses in the United States and in Asia to lead major indexes further away from multi-year highs. Financial spreadbetters expected Britain&aposs FTSE 100 .FTSE to open 10 to 12 points lower, or down 0.2 percent, Germany&aposs DAX .GDAXI to open 27 to 32 points lower, or dow 0.3 percent, and France&
May 21, 2014