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FTSE 100 takes a lead as European stocks open higher

Perhaps it is of no surprise to see that all the major European stock markets have opened higher this morning and that the FTSE 100 has grabbed the yellow jersey, but that is the scene right now. The FTSE 100 has been buoyed by a slight shift in the outlook for UK interest rates this morning, following the lower wages component of the latest unemployment data. That has pushed UK Gilts (Bonds) a little higher and also dented the pound slightly. The GBP/USD has now dipped below the lows seen yesterday, at 1.2795. The lower pound has also added some traction for the FTSE 100 and it is the standout performer in early European trading. The index is right now at 7,735 

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