European equities open up the day with modest gains

  • A more positive mood as the dollar retreats
  • Eurostoxx +0.5%
  • Germany DAX +0.5%
  • France CAC 40 +0.5%
  • UK FTSE +0.4%
  • Spain IBEX +0.6%
  • Italy FTSE MIB +0.7%

This comes as US futures are also trending higher, with S&P 500 futures up 0.3%, Nasdaq futures up 0.5%, and Dow futures up 0.2%. The softer dollar today is arguably the key driver, amid the unwinding in USD/JPY longs after BOJ governor Ueda's remarks over the weekend.

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