European stocks set to open higher this morning- check out the DAX futures
It will not be long now until the European stock markets reopen for live trading. It was a good day for the major stock markets here yesterday, helped higher by a surge stateside, following the lower US CPI data. The DAX was the standout overachiever yesterday, with a rise of 1.76% on the session. The CAC 40 closed 1.39% higher and the FTSE lagged, due to the higher pound versus the dollar. The FTSE 100 closed just 0.2% higher. However, the FTSE 100 futures are getting a boost from the lower UK CPI and RPI readings this morning, so the index could catch-up when live trading resumes. The DAX closed 269 points higher, at 15,614 and right now it is set to open higher again this morning. The weaker dollar is a supporting factor and so is the prospect of the ECB holding fast for the rest of the year, if not longer than that. The DAX is currently priced to reopen soon at around 15,640
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