ORIGINAL: European shares are rallying as investors brace for Spain to announce the results of its latest bond auction. We’ll have those results live in just a few moments.
The CAC 40 is leading the rally, which is 1.15 per cent higher an hour and a half into trading.
U.S. futures are also slightly higher.
Asian trading closed mixed, with the Nikkei falling 0.82 per cent but the Hang Seng up a full 1.03 per cent.
UPDATE: Today’s highly anticipated Spanish bond auction went off without a hitch, and European shares are mostly holding on to early gains.
The notable exception from this trend is Spain, where the IBEX 35 is off 0.35 per cent.