European indices slightly higher at the open as downgrade concerns vaporise

• Eurostoxx +0.2%
• Germany DAX +0.2%
• France CAC 40 +0.2%
• UK FTSE +0.2%
• Spain IBEX +0.4%

In the end, the Moody's downgrade was indeed a nothingburger as expected. As the US session began yesterday, we saw markets reversing across the board and climbing to new highs. We can now go back to focusing on what really matters.