European Equities Rise At Open

European Equities Rise At Open

07 Apr 2021 03:04 PM

European equities opened higher today after a flat session on Wall Street, with the major US indices pulling back slightly from record highs.

The pan-European STOXX 600 index was flat, trading just below the record closing high of 435.26 points on Tuesday

EUR/USD is trading onto profits above 1.1850 as investors cheer a better vaccination schedule in Europe and upbeat Services PMIs.

A rebound in economically sensitive sectors such as banks, energy and automakers pushed European stocks to pre-pandemic levels earlier this week, as investors bet on a strong global economic recovery, driven by vaccines and unprecedented stimulus measures.