The pan-European STOXX 600 index rose 0.3% to 442.52 points after briefly surpassing its April record high of 443.61 in early session. The German DAX rose 0.9%, inching closer to its life high, while France's CAC 40 hit its highest level since November 2000 and UK's FTSE 100 breached the 7,100 mark for the first time since February 2020. "It's going to be an exceptionally strong couple of quarters going forward, and that makes it very unlikely that the market will suffer in a big way over the next six months," said Andrea Cicione, head of strategy at TS Lombard.
May.07 -- Tata Consumer Products CEO & Managing Director, Sunil D'Souza, speaks exclusively about the company's full year and quarterly results, as well as the impact from the pandemic. Tata Consumer saw a robust growth across most of its brands which include Tetley, Tata Salt, Himalayan mineral water to name a few. D'Souza speaks to Rishaad Salamat in Hong Kong and Haslinda Amin in Singapore on "Bloomberg Markets: Asia."
It’s a busy day ahead on the economic calendar, with stats from Germany and the U.S to provide direction. Trade data from China will set the tone ahead of the open.