European equities open higher to kick start the day

  • Solid gains at the open
  • Eurostoxx +1.6%
  • Germany DAX +2.3%
  • France CAC 40 +2.0%
  • UK FTSE +1.5%
  • Spain IBEX +1.7%

As mentioned earlier, in part it is to do with the optimism in Wall Street yesterday but the overall market vibes are rather positive so far today as well. S&P 500 futures are up 0.7% and Nasdaq futures up 1.2%. In general, fears surrounding the Russia-Ukraine situation have been faded out in the past few sessions but today, it is all about the Fed.

European stocks may stick with a more positive showing until the end but the Fed will have the final say on how things end with US equities before all is said and done.

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