Investing.com – European stock markets are seen opening higher Thursday, taking their lead from the positive close on Wall Street overnight although gains are seen tempered with caution ahead of the latest meeting of the European Central Bank.
At 3 AM ET (0700 GMT), the DAX futures contract in Germany traded 0.3% higher, CAC 40 futures in France climbed 0.6% and the FTSE 100 futures contract in the U.K. rose 0.5%.
The Dow Jones Industrial Average closed 0.9% higher on Wall Street Wednesday, the S&P 500 gained 0.9% and the Nasdaq Composite ended up 1.2%, as investors resumed bets on reopening stocks, shrugging off a fresh wave of Covid-19 cases in the likes of India and Japan that threatens to slow the global recovery.
Stock markets in Asia have largely pushed higher as a result, with Japan’s Nikkei in particular up over 2%, and Europe is expected to follow suit. Read more…..
Chart of the Day
Icarus TV
Gold is still in bear market, but where is the bottom? Chris Vermeulen on what you need to know.
