European equities advanced in early trading even though investors in Asia shied away from risk due to losses in commodities and Chinese equity markets. At the time of writing, Germany’s DAX was up 0.70%, the UK’s FTSE traded 0.40% higher, while the pan-European benchmark, the Euro Stoxx 50 was up +0.77%. France’s CAC index was up 0.70% as well. France’s Carrefour and Germany’s Volkswagen shares were the top performers in the Stoxx 50 index. Meanwhile, BMW shares were the top losers. Equity markets rallied as Euro took a hit on speculation the European Central Bank is under pressure to announce a big bazooka tomorrow. For more information, read our latest forex news.