European stocks are roaring as we look to close out the week
- Eurostoxx +1.4%
- Germany DAX +1.1%
- France CAC 40 +1.3%
- UK FTSE +0.6%
At the same time, we’re also seeing a nudge higher in US equity futures with S&P 500 futures now up by 0.4%. Of note, tech stocks are broadly outperforming with Broadcom’s earnings beat cited as one of the main reasons for that.
That being said, not all risk signals are pointing to a more positive tone with oil flat on the day and the same goes for Treasury yields.
Let’s see what Wall Street has to offer later today and if these gains can be sustained as we head into the weekend.