Futures stock edges higher in Europe

<p>European futures are on the rise.</p>

Stock futures across Europe have risen this morning (March 6th) to add to the success stories for markets all over the world this week.

With the FTSE 100 hitting its highest point for the last five years and the Dow Jones breaking its own record high, futures for Euro Stoxx 50 were up 0.1 per cent at 07:50 GMT, reports Reuters.

Futures for FTSE 100 were up by 0.5 per cent, while those for Germany's DAX and France's CAC were respectively 0.3 and 0.2 per cent higher.

"It's panic buying," Nick Xanders, who heads up European equity strategy at BTIG, said.

He added: "At this stage everyone wants to buy it, everyone wants to get involved and everyone is scared of underperforming."

Futures in the US have also been on the rise in recent days, with a record high being set for the Dow yesterday as a result.

Rick Meckler, president of investment firm LibertyView Capital Management, explained concerns over Chinese growth have been addressed and this has fuelled growth in markets.

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