• European Stocks. First hour: Indices climb on bets on additional easing by ECB

Market news

5 January 2015

European Stocks. First hour: Indices climb on bets on additional easing by ECB

European indices edge higher in early trading despite energy stocks were under pressure as oil prices decline to multi-year lows and the political turmoil in Greece where the anti-austerity party Syriza could come to power after the elections of January 25th. Growing concerns over a potential Greek exit from the euro zone weighs but the prospect of for additional easing measures by the ECB supported the markets.

Markets are looking ahead to the publication of the Eurozone's Sentix Investor Confidence due 09:30 GMT and German CPI at 13:00 GMT.

The FTSE 100 index is currently trading +0.43% quoted at 6,576.03 points, Germany's DAX 30 added +0.22% trading at 9,785.87. France's CAC 40 rose by +0.47%, currently trading at 4,272.27 points.

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