DAX leads gains as European equities open higher

The late surge in Chinese stocks is buoying sentiment in Europe

Deutsche Bank stocks is among those carrying the DAX for now but in general, sentiment is very much positive to start the trading day for equities. Chinese stocks closed the day at the highs with the Shanghai Composite and CSI 300 index posting gains of 2.7% and 2.9% respectively.

Meanwhile, the Hang Seng index is also trading at the highs up 1.6% at the moment. The risk-on sentiment here is what is helping to boost the aussie as well with AUD/USD up by 0.5% on the day trading near the highs currently at 0.7424.