European stocks extend opening gains this morning Well, it ha | Market-Chatter|Libertex

European stocks extend opening gains this morning

Well, it has been quite a solid rebound for the equity markets so far today. The FTSE 100 has snapped what looked like a lower opening today and turned that around quite impressively. The main reason for that, as noted a little earlier looks to rest partly with the pound in terms of any dynamic correlation, but of course individual stocks are not by any means subject to that wider influence. The move higher in the FTSE 100 has also come as both the CAC and the DAX make further headway. The DAX has reclaimed levels above 15,400 today and the CAC has risen back above 6,575 and all three are matching each other approximately in percentage term gains. The European markets are also being assisted by the gains in the US futures which are still being maintained. Of course this could change again as the session unfolds and one is reminded that tomorrow is the month and quarter end. One thing to note though; is that yesterday was of course a Tuesday. So, was that just another in a long line of counter trend sessions that often occur on such days? Well, it is rather too early to make a judgement on that- more to follow as and when