European stocks open higher- check out the FTSE 100

Yesterday the FTSE 100 was the second worst performing major index, when it closed 0.78% lower, at 8,205.98, with a loss of 64.86 points on the day. It has just now reopened in the light of what was a batch of pretty disappointing UK data released earlier this morning. The disappointing UK data could endorse the prospect for another rate cut from the BOE next week, but that is by no means certain at this stage. The FTSE has just effectively reopened slightly higher amid opening gains for the DAX and the CAC 40. Oil prices are a little higher just now, but not materially in terms of impacting the FTSE today. The Pound looks rather sidelined right now in that respect and will need to more much more than it has so far today in order to exercise any influence over the index. So, as with both the DAX and the CAC this morning, whilst opening higher, it remains to be seen if these opening rallies have legs. The FTSE 100 is currently trading at 8,215