European stocks look to extend gains

European stocks markets are looking to extend Wednesday’s risk-on rally, but appear wobbly, given the moderate weakness in UK’s FTSE.

At the time of writing, Stoxx 50 futures were up 0.30%. Germany’s DAX and France’s CAC were up 0.10% and 0.25% respectively. However, mining heavy UK’s FTSE was down 0.30%. The broader Stoxx 600 index was trading dead flat.

Among stocks UK’s mining and energy heavyweights were struggling. Glencore, Antofagasta, Anglo American and Tullow Oil were trading weak. Meanwhile, Denmark’s William Demand shares were up 3.95%.

Oil benchmarks are trading lower and that seems to have pushed miners and energy shares lower today.