Slight gains in early trades

  • German DAX futures +0.3%
  • UK FTSE futures +0.2%
  • Spanish IBEX futures +0.2%

This mirrors the slight optimism in US futures as well, with S&P 500 futures up 0.2%, Nasdaq futures up 0.1%, and Dow futures up 0.2%.

That, despite a relatively mixed mood in Asia, with the Nikkei closing down by 0.3% at 28,707.04 while the Shanghai Composite is seen up 0.4%.

A lot rests on the shoulders of the US non-farm payrolls release tomorrow but so far, equities have been taking everything in stride after the post-FOMC retreat and there's still a good argument for European indices to outperform - from a valuation perspective that is - as the global economy gets back on its feet again.