Wednesday, April 29, 2009

GLOBAL MARKETS: European Stocks Seen Just Up, Eyes On Banks

. Wednesday, April 29, 2009

LONDON (Dow Jones)--European stocks are expected to open modestly higher, supported by an almost flat close on Wall Street, even though traders remain cautious ahead of details of the capital requirements of the U.S. banks and the impact on the global economy should further injections be required.

"Financial stocks are going to remain squarely in focus after yesterday's reports of more capital being required at Citigroup and Bank of America," said Matt Buckland, a trader at CMC Markets. "The outlook for the sector as a whole remains far from encouraging."

Nonetheless, he ...
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