European indices hold firmer at the open today

• Eurostoxx +0.7%
• Germany DAX +0.9%
• France CAC 40 +0.8%
• UK FTSE +0.6%
• Spain IBEX +0.7%
• Italy FTSE MIB +0.9%

US futures are also keeping a slightly more optimistic mood for now, continuing the momentum from last week. So, I guess that’s helping. But from a structural perspective, I would still argue that the outlook remains challenging for European indices going into next year. A slowing economy plus Trump tariffs is a tough prospect to go up against. Then again, it might mean the ECB cutting rates faster I guess. But post-election, I would’ve figured there would be more of a rotation play in the equities space. We’ll see.

This article was written by Justin Low at www.forexlive.com.