{"id":8745,"date":"2021-04-08T05:42:56","date_gmt":"2021-04-08T05:42:56","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/08\/european-shares-seen-tad-higher-at-open\/"},"modified":"2021-04-08T05:42:56","modified_gmt":"2021-04-08T05:42:56","slug":"european-shares-seen-tad-higher-at-open","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/08\/european-shares-seen-tad-higher-at-open\/","title":{"rendered":"European Shares Seen Tad Higher At Open"},"content":{"rendered":"
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European stocks may open higher on Thursday after gains in several big tech stocks helped nudge the S&P 500 to a second record high in three days.<\/p>\n

The dollar index hovered close to two-week lows as U.S. Treasury yields continued to retreat from more than 1-year highs.<\/p>\n

Asian markets<\/span> remain broadly higher, though Japanese shares fell on concerns about a spike in domestic Covid infections and possible restrictions on economic activity. <\/p>\n

China reported 24 cases for Wednesday, up from 12 a day earlier. South Korea reported 700 new cases, the highest daily figure since early January.<\/p>\n

India is battling a deadly second wave with daily infections this week passing the peak of the first wave seen last September. <\/p>\n

In economic releases, factory orders and construction Purchasing Managers’ survey results from Germany are due later in the session, headlining a light day for the European economic news.<\/p>\n

Economists expect German factory orders to climb 1.2 percent month-on-month in February, following a 1.4 percent rise in January.<\/p>\n

Across the Atlantic, a report on weekly jobless claims is likely to attract attention as traders keep an eye on remarks by Fed Chair Jerome Powell during a virtual International Monetary Fund Debate on the Global Economy. Powell is likely to reiterate the dovish outlook. <\/p>\n

U.S. stocks ended narrowly mixed overnight after minutes of March FOMC meeting reinforced expectations that interest rates will remain low for some time amid continued uncertainty surrounding the economic outlook.<\/p>\n

European markets ended Wednesday’s session mostly lower amid concerns about a surge in coronavirus<\/span> cases in several countries and a somewhat slow pace of vaccination in parts of the continent.<\/p>\n

The pan European Stoxx 600 eased 0.2 percent. The German DAX slid 0.2 percent and France’s CAC 40 index finished marginally lower while the U.K.’s FTSE 100 rose 0.9 percent. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n