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3 Sep 2015
European indices tipped-off for a higher start, ECB eyed
FXStreet (Mumbai) - Stocks in Europe are expected to open on a firmer note on Thursday, taking the positive lead from its Asian counterparts while keeping an eye on final services PMI data for August and the latest ECB policy meeting.
Japan’s benchmark index, the Nikkei led the Asian indices higher amid persisting risk sentiment as China markets remained closed on Victory day holiday. While weaker yen also boosted the exporters’ stocks higher. However, Australia’s ASX bucked the trend and edged lower as downbeat domestic retail sales data dampened investors’ sentiment.
Ahead of Europe open, futures for Germany's DAX 30 index added 0.63% to 10,130.50, while futures for the UK's FTSE 100 index advanced 0.42% to 6,116.80. Among the other indices, French CAC 40 futures gained 0.76% to 4,589.00, while futures for the pan-European Euro Stoxx 50 index increased 0.62% to 3,225.00.
Markets now turn their attention towards a series of services PMIs, while the press conference by the European Central Bank (ECB) President Mario Draghi will also remains in the spotlight.
Japan’s benchmark index, the Nikkei led the Asian indices higher amid persisting risk sentiment as China markets remained closed on Victory day holiday. While weaker yen also boosted the exporters’ stocks higher. However, Australia’s ASX bucked the trend and edged lower as downbeat domestic retail sales data dampened investors’ sentiment.
Ahead of Europe open, futures for Germany's DAX 30 index added 0.63% to 10,130.50, while futures for the UK's FTSE 100 index advanced 0.42% to 6,116.80. Among the other indices, French CAC 40 futures gained 0.76% to 4,589.00, while futures for the pan-European Euro Stoxx 50 index increased 0.62% to 3,225.00.
Markets now turn their attention towards a series of services PMIs, while the press conference by the European Central Bank (ECB) President Mario Draghi will also remains in the spotlight.