Major European bourses are initially seen trading moderately higher Thursday, with a small pick-up seen in equity futures contracts as the European cash opening approaches. Some mild overnight profit taking in risk assets has been observed during the Asian traded hours, with Japan’s Nikkei 225 Index ending the session up 0.86% at 8876.59. Today’s trading day is expected to be a little calmer, with several markets in Europe, including Switzerland, Sweden and Denmark, closed for Ascension day. It’s also a public holiday in Germany, although the stock exchange will remain trading.
* FTSE-100 is currently seen opening 6 points higher around 5408-5414
* Dax is currently seen opening 23 points higher, around 6406-6412
* CAC-40 is currently seen opening 6 points higher, around 3052-3058
* Stoxx50 is currently seen opening 5 points higher, around 2178-2184
StockMarketNews Research Team