Eurostoxx futures +1.6% in early European trading

  • Regional stocks set for a higher open in catch up play
  • German DAX futures +1.3%
  • UK FTSE futures +1.0%

The European close yesterday was a rather ugly one and came before the late bounce in Wall Street. Don't be deceived by it though as the overall market mood remains rather tentative. S&P 500 futures are flat on the day and we still have to wait on the ECB as well later in the day.

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