European equities open higher as the good start to the new year continues

• Eurostoxx +1.1%
• Germany DAX +0.2%
• France CAC 40 +1.5%
• UK FTSE +0.6%
• Spain IBEX +0.4%
• Italy FTSE MIB +0.7%

As the DAX opens at a fresh record high, the CAC 40 is also at its highest since the end of October. After finding a double bottom near 7,100, the French benchmark index looks poised for a test of its 200-day moving average for the first time since the end of September near 7,600. The more positive mood comes as US futures are also buoyed with S&P 500 futures seen up 0.4% currently.

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