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European stocks continue to push higher in early trading-DAX approaches 18,300
The higher opening for the European stock markets today is now delivering further gains in the first hour of live trading. The FTSE 100 is pushing closer to the 8,300 handle as investors continue to digest the outcome of the UK election in a seemingly positive light. The CAC 40 is still holding gains above 7,700 and the DAX is just now testing 18,300. The gains there come as the dollar remains under pressure versus the European currencies and the overall risk dynamics remain positive, which is also a negative for the US currency in the short term
Market News
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As expected the SNB cuts rates by 0.25%- EUR/CHF lifts on the news
The eagerly awaited outcome of the Swiss National Bank policy decision is now known. As expected the SNB have lowered their 0.50% OCR, taking it down... -
What will the Old Lady do and say later today?
The European stock markets have just reopened for live trading and it has been a rather inconclusive start to the day. There will be more to add on... -
DAX priced to open slightly lower shortly
Following on from the previous update, looking at the EUR/USD and the DAX, the German benchmark futures are in the red ahead of the opening shortly...
