European indices mostly higher to kick start the session ...Middle East

Eurostoxx +0.3%Germany DAX flatFrance CAC 40 +0.4%UK FTSE +0.3%Spain IBEX +0.4%Italy FTSE MIB +0.4%

Just be wary though that US futures are looking fairly cautious, with S&P 500 futures now down 0.2%. That's sort of eating into the early optimism and could bite at European stocks later on. Of course, Wall Street will be a different beast with dip buyers showing some mettle from yesterday. The near-term bias has switched to being more neutral for the first time in a month:

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

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