European stocks extend rebound from Brexit-shock, FTSE outperforms

Dhwani Mehta FXStreet

The European equity markets tracked their Asian peers as well as futures higher and kicked-off the day on a firmer note, as markets raise speculations over fresh stimulus from the central banks to ease the impact of Brexit on the global economic conditions.

The Asian indices closed deep in the green on the back of improved sentiment as investors remains hopeful that Britain will not exit the union. While significant gains booked on the Wall Street also helped lift the Asian markets.

Germany's DAX 30 index jumped 1.12% at the market open and now trades +0.80% at 9,518, while the UK's FTSE 100 index now gains +1.69% to 6,241. French CAC 40 index advanced 1.01% to 4,130, while the Euro Stoxx 50 index traded 1.47% higher at 2,794.

Markets now await the German CPI report ahead of the US economic releases, while the EU Summit on Brexit remains the main highlight for today.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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