European equities open higher, spurred on by surging gains in Chinese markets

  • Big gains in China is setting up a more positive mood for broader markets today
  • Eurostoxx +1.2%
  • Germany DAX +1.1%
  • France CAC 40 +1.2%
  • UK FTSE +0.6%
  • Spain IBEX +0.9%
  • Italy FTSE MIB +0.9%

This comes as the Shanghai Composite index closes up by 3.6% to close above the 3,000 mark for the first time since June. Meanwhile, the CSI 300 index closes up by a whopping 4.2% on the day. For the week itself, the Shanghai Composite is up 9.6% while the CSI 300 is up 10.7%. What a jump, indeed. US futures are also sitting higher today, with S&P 500 futures now up 0.7% and Nasdaq futures up 1.3%.

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