European stocks join global risk-on rally

By FXStreet The European markets re-opened on a stronger note after Whit Monday holiday, with the sentiment boosted by persisting risk-on market profile in response to firmer oil prices.

While the London traders eagerly await the UK CPI release for fresh momentum. Markets are predicting a level of 0.5% on a yearly basis in April, the same as before, while consumer prices are expected to grow 0.3% m/m.

A strong close on the Japanese stocks brought optimism back to the markets and bolstered the demand for risky assets, making up for a positive lead to the European equities.

Germany’s DAX 30 index added 0.94% to trade at 10,050, while the UK’s FTSE 100 index rose 0.94% to 6,210. Among the other indices, the French CAC 40 index jumped 1% to 4,350, while the pan-European Euro Stoxx 50 index increased 1.05% to 2,983.
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Source:: FX Street