European Markets Open Higher - 29th March 2016
The FTSE 100 was up almost 1% early out of the gate and with the DAX and the CAC fairing just as well, up 0.8% and 1.02% respectively.
Toronto, Canada, March 29, 2016 (Newswire.com) - Valgard Investments
European Markets Open Higher – 29th March 2016
The major European markets have opened strongly this morning, against trading in Asia.
The FTSE 100 was up almost 1% early out of the gate with the DAX and the CAC fairing just as well, up 0.8% and 1.02% respectively.
FTSE 100 6,131.48 +0.5%
DAX 30 9,930.98 +0.8%
CAC 40 4,373.82 +1.02%
Asian trading saw US Crude slip further and the $USD weaken after the Easter Holiday. This translated very little into European markets as they waited till just after lunch to see what Janet Yellen would say in her speech. Her comments at the Economic Club of New York in a few hours will most likely see more reaction in the US than in Europe.
With the current trend of economic easing in Europe and the possibility of the UK leaving the European Union, European investors will be looking at the value now placed in the Equity Markets in the US. With the S&P 500 and Dow Jones back on track for the year and uncertainty coming from the Fed about a rate hike, US markets once again look like a place of value.
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