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.