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European equities start the day on a positive note

Eurostoxx +0.42%Germany DAX +0.27%France CAC 40 +0.29%UK FTSE +0.14%Spain IBEX +0.33%Italy FTSE MIB +0.14%

The mood in the market remains broadly positive. ICYMI yesterday around 18:53 Central European Time, WSJ’s Timiraos came out with a piece which seemed like suggesting that a 50 bps cut is still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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