Chinese comments lift European stock futures into the opening-CAC 40 set to lift as DAX eyes another record

The European stock markets will shortly reopen and following the previous update on the DAX, that index is now poised to open with fresh records, above 20,425. The FTSE 100 futures are higher and so are the CAC 40 futures. This is all stemming from those comments coming from the Chinese Politburo a short while ago. That is positive rhetoric and clearly designed to boost the Chinese markets. Unsurprisingly that is floating all boats right now and especially here in Europe ahead of the opening. The CAC 40 rebounded well on Friday and it was the best performing major European index. The CAC 40 gained 1.31% compared to just 0.13% for the DAX and a loss of 0.49% for the FTSE 100. The CAC 40 gained 96 points, to close out the week, at 7,426. The index future is now suggesting it will build on that and reopen shortly, at around 7,475