European equities open higher to start the day

  • Can the gains hold until the end of the day?
  • Eurostoxx +0.6%
  • Germany DAX +0.5%
  • France CAC 40 +0.6%
  • UK FTSE +0.3%
  • Spain IBEX +1.0%

This is a much welcome respite in what has been a rather rough week for European stocks. Despite the gains, both the CAC 40 and IBEX have cracked below their respective 100-day moving averages this week and are keeping below that. US futures are marginally higher at the moment, so overall sentiment is still very much hanging in the balance.

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