European Markets Seen Rising More Than 1%


Financial spreadbetters in London expect a sharp rally in European indexes on Thursday following a robust performance in U.S. and Asian equity markets.

Bookmakers expect Britain's FTSE 100 to open 56 to 57 points higher, or up to 1 percent, Frankfurt's DAX to gain 90 to 95 points, or up to 1.4 percent and France's CAC-40 to rise 60 to 62 points, or up to 1.3 percent.

"The Nikkei is up 400 points today so that's been the chief driver and also the S&P is up ... so it's those two primarily," one spreadbetter said.

Wall Street indexes closed between 0.7 and 1.3 percent higher on Wednesday after the Federal Reserve cut its growth forecasts, which rekindled optimism for further rate cuts, while in Asia, Tokyo's Nikkei is up 2.8 percent.

The FTSEurofirst 300 index of top European shares fell 1.2 percent on Wednesday to 1,321.01 points.