Futures Indices in Europe Up, Positive Opening Anticipated in Markets

Forex - The FTSE 100 and European stocks are expected to open higher, as the latest U.S. election results indicate that Republican Donald Trump may win, supported by U.S. stock futures.

After an early morning decline, futures indices moved into positive territory. The FDAX is up 0.95%, the Eurostoxx 50 futures index is up 0.74%, the CAC-40 futures are up 0.96%, and the FTSE 100 futures are up 1.08%.

According to IG, the FTSE 100 is expected to open 84.0 points or 1% higher. The pan-European Stoxx Europe 600 index is expected to rise by 1.1%, and Germany's DAX index is forecasted to increase by 0.8%.

IG analysts commented, “U.S. stock futures have risen overnight, much like the dollar.”