European equities open up the day with modest gains

<ul><li>Eurostoxx +0.5%</li><li>Germany DAX +0.5%</li><li>France CAC 40 +0.5%</li><li>UK FTSE +0.4%</li><li>Spain IBEX +0.6%</li><li>Italy FTSE MIB +0.7%</li></ul><p>This comes as US futures are also trending higher, with S&amp;P 500 futures up 0.3%, Nasdaq futures up 0.5%, and Dow futures up 0.2%. The softer dollar today is arguably the key driver, amid the unwinding in USD/JPY longs after BOJ governor Ueda's remarks over the weekend.</p>

This article was written by Justin Low at www.forexlive.com.