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%
ForexLive
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.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose