European Stock Futures Mixed; Reopening Confidence Grows

European Stock Futures

European Stock Futures Mixed; Reopening Confidence Grows

European stock markets are seen opening in a mixed fashion Tuesday, amid continued concerns over rising Covid-19 cases in India but also optimism as major economies around the world reopen.

At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.2% lower, CAC 40 futures in France dropped 0.2% but the FTSE 100 futures contract in the U.K. rose 0.6%.

Europe, confidence is growing over the recovery from the pandemic as the rate of vaccination in EU member states rises quickly. On Monday, the European Commission put forward a plan to reopen the continent to holidaymakers from countries with low Covid infection rates, such as the U.K., and to anyone who has been fully vaccinated, by the start of June.

The pan-European Stoxx 50 climbed down by 0.05% to 3,996.4. In the cash markets, the DAX futures Germany was trading down 0.02% to 15,234.00. CAC 40 futures in France up by 0.03% to 6257.00 while the FTSE 100 futures in the U.K. flat at 6,937.5, at the time of writing.

TECHNICAL INDICATORS

EURO STOXX 50:

EURO STOXX 50

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