In Europe, the major bourses are following US futures higher. Eurozone CPI for May was in-line with expectations at 0.5% and likely came as a welcomed relief. Commodity stocks are not participating in the rally with names like BHP, Rio Tinto, Shell and BP down around 1%.
Major European indices are looking for a higher finish to a volatile week while sovereign debt is also on the rise.
STOXX Europe 600 +1.2%;
Germany’s DAX +1.3%;
UK’s FTSE 100 +0.9%;
France’s CAC 40 +1.2%;
Italy’s FTSE MIB +1.8%;
Spain’s IBEX 35 +1.4%.