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European stocks open higher to start the day


  • Eurostoxx +0.7%
  • DAX Germany +0.3%
  • France CAC 40 +0.8%
  • FTSE UK +0.6%
  • IBEX Spain +0.5%

After yesterday’s late rally on Wall Street, sentiment in equities is better in the new day, with US futures also pointing higher so far. S&P 500 futures are up 0.6% and that’s fueling a calmer tone in major currencies, although the yen is holding up after yesterday’s advance.

The calmer tone in the bond market is also helping somewhat, although European yields continue to fall after yesterday’s sharp drop. German 10-year Bund yields are down 2 basis points to 1.40%.

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