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European shares are set to open strongly on Thursday, according to financial bookmakers, tracking sharp rise in Asian markets as commodity prices gained and the yen weakened after the Federal Reserve cut interest rates.
Financial bookmakers expected London's FTSE 100 to open up 45 to 87 points, or as much as 2 percent, Frankfurt's DAX to open 64 to 101 points higher, or as much as 2.1 percent, and Paris's CAC-40 to be up 43 to 62 points in the open, or as much as 1.8 percent.
Asian stocks rose for a third day on Thursday, with Tokyo's Nikkei 225 Average [JP;N225
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] soaring 9 percent, on international efforts to provide liquidity to
emerging markets and global prospects of lower borrowing costs.
The Federal Reserve cut U.S. interest rates by a half-percentage point on Wednesday to the lowest level since June 2004 as it tried to stave off a prolonged recession, and left the door open to further reductions if needed.
In Europe, the pan-European FTSEurofirst 300 index rose for the second day in a row on Wednesday to end up 7.5 percent before the Fed announcement.
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Data is a real-time snapshot *Data is delayed at least 15 minutes