FXstreet.com (Barcelona) - U.S. stock markets have opened on a strong note on Wednesday, with financials leading gains after Morgan Stanley reported its first quarter with gains in a year time. Euro and Pound have risen further.

Dow Jones Index trades 0.5% up, while the Nasdaq Index rises 0.95% and the S&P Index trades 0.7% above its opening level in the first hour of trading.

Morgan Stanley shares have advanced 4.2% after the Bank reported gains in the third quarter, following three consecutive quarters with losses. Year on Year, however the bank shows a 91% decline on earnings.

Euro and Pound soar

EUR/USD reversed from 1.4965 area during European session and found support right above 1.4900 and the pair propelled 100 pips moments ahead of Wall Street opening to hit levels right above 1.5000, fresh 14-month high.

The Pound has extended its rebound from 1.6345 session high with a 250 pips rally, breaking above 1.6600 to reach 1.6630 high, the highest level since mid September.

USD/JPY Dollar recovery from day low at 90.48 reached levels above 91.00, to hit an intra-week high at 91.25. At the moment of writing, the Dollar trades at 91.15.