European Equities Gain Amid Economic Growth Optimism

European Equities Gain Amid Economic Growth Optimism

03 May 2021 02:44 PM
 

European equities advanced today as market participants bullish about the global economic recovery looked ahead to a busy week for U.S. economic data that is expected to underline the strength of the rebound.

The Euro STOXX index climbed  0.68% in early trading, while the German DAX gained 0.7% and France's CAC 40 0.61%.

EUR/USD is trading around 1.20, despite a fresh retreat in Treasury yields. Eurozone PMIs and the US ISM Manufacturing PMIs are eyed.

With China, Japan and Britain closed for public holidays, volumes were thin and Asian shares got off to a slow start, with most markets slipping into the red.

But investors' optimistic mood, enhanced by a strong run of corporate earnings the past two weeks, has extended into May in Europe.