European equities open higher to start the day

Author: Justin Low | Category: News

A firmer start to the European morning

  • Eurostoxx +1.5%
  • Germany DAX +2.7%
  • France CAC 40 +1.9%
  • UK FTSE +1.4%
  • Spain IBEX +3.8%
It is a sign of the times that even 2-3% gains are seen as being "mild" or a bit "shaky" but I would argue that it is certainly the case as we begin European trading today.

So far, the risk mood is helped by the US Congress reaching a bipartisan agreement on the stimulus bill with US futures also up by over 1% currently.

Hope is a good fire-starter but there needs to be more in order to keep the flames burning.

Once the exuberance settles down - it could be today, it could be next week, the next key question is whether these stimulus measures are going to be enough.

And that is a question that investors will have to think long and hard about as we continue to see lockdowns across the globe as the virus fallout looks set to continue into April.

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