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Oil stocks lift FTSE 100 in early trading

As the European stock markets reopen it has been a very positive start across all the European markets this morning. The oil price is just now rebounding a bit too and that is helping to lift oil stocks here in Europe and of course that has impact the FTSE 100 in a positive way in early trade, with the likes of Shell and BP on the rise right now. That has helped to propel the FTSE 100 to around 8,250 in early trading, but it remains to be seen if these early gains will be sustained as the session unfolds. The DAX is also rising, towards 18,700 in early trading and we have some quite important German final manufacturing PMI data out this morning too. That is expected to come in with a higher revision for May and that might have an impact when the data hits the screens at 7.55am GMT. We also have similar data from Spain, Italy, France and the UK 

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