Stocks in Europe opened in positive territory on Thursday as the UK’s furlough scheme starts to wind down despite calls for an extension.
In London, the FTSE 100 rose 0.9% after opening, recovering ground it lost on Wednesday, while the CAC climbed 0.8% in France and the German DAX was 0.6% higher.
On Wall Street, S&P 500 futures were up 0.2%, Dow futures gained almost 0.3%, and Nasdaq futures were treading water as trade began in Europe.
On Wednesday the S&P just about eked out another gain to close at a fresh all-time high
Investors are awaiting the latest US jobs report this afternoon for indications of how the recovery from the pandemic is faring.
Asian shares were mostly lower on Thursday as concerns around the spread of the Delta variant have continued to dampen sentiment.
Japan’s benchmark Nikkei 225 (^N225) slipped 0.3% despite the Bank of Japan’s quarterly “tankan” survey showing continuous recovery, with large manufacturers’ sentiment remaining largely positive despite the pandemic.
Elsewhere, the Shanghai Composite (000001.SS edged nearly 0.1% lower on the day.
Trading was closed in Hong Kong for the anniversary of the handover of the former British colony to Beijing.
On Thursday the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, are holding their monthly meeting, where they will decide whether to keep relaxing their production curbs by raising oil output in August.