European markets head for positive open despite Covid headwinds

LONDON — European stocks are expected to open higher on Thursday as investors continue to monitor the Covid crisis in the region and political developments in Germany.

The U.K.’s FTSE index is seen opening 18 points higher at 7,303, Germany’s DAX 59 points higher at 15,955, France’s CAC 40 up 30 points at 7,078 and Italy’s FTSE MIB 154 points higher at 27,233, according to data from IG.

Investors will be digesting the latest news out of Germany where a new coalition government deal between the Social Democrats, Greens and Free Democrats was announced on Wednesday.