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European stocks open higher ahead of PMI data- check out the CAC 40 right now
The European stock markets have just reopened and it has been a positive start to the final session of the week. The DAX has lifted well above the 19,200 handle and pushed immediately above 19,250. The FTSE 100 is effectively opening above 8,200 and the CAC 40 has kicked off around 7,250. The CAC 40 rebounded into the close yesterday, ending that session 14 points higher, at 7,213. Very shortly, at 8.15pm we will get the first of 2 quite important French and German sets PMI data releases for November. At 8.15am GMT we get the French November flash readings on Services and Manufacturing. The German data will follow at 8.30am GMT and neither set is expected to come in much higher than previously reported. The CAC 40 will react to any surprises in either direction though. The index is currently trading at 7,257 as that PMI data looms shortly
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