Eurostoxx 5'0 Index adds 0.2%, while the French CAC Index edges 0.1% up, and the German DAX practically flat. In the UK, the FTSE Index is less than 0.1% higher one hour after the opening bell.
Better than expected quarterly earning figures by Nestle and Capgeminy have increased confidence on the improvement of global economy, although markets remain cautious, holding their breath amid rising tensions on the conflictive Middle-East area, as news about warships on the Suez Canal have arisen concerns in Israel.
Euro and Pound pulling back
EUR/USD recovery from 1.3430 low on Monday extended to a fresh week-high at 1.3610 on early Asian session, to ease afterwards retreating further at European opening, reaching day lows at 1.3535 so far.
GBP/USD sell off from from 1.6185 high yesterday, found support at 1.5985 low, and the pair bounced up on US session to consolidate around 1.6100 in Asian session, easing at European opening to test 1.6085 day low.
USD/JPY recovery from 81.10 low on early February reached fresh 2011 highs at 83.90 yesterday and the pair pulled back on US session, and consolidate around 83.60.