European equity close: Party time via ForexLive

Closing changes for the main European bourses:

• UK FTSE +1.0%
• German DAX +2.2%
• French CAC +2.2%
• Italy MIB +2.9%

I noted the big reversal in the CAC yesterday and that proved to be the buying signal.

Unlike the US and Japan, European stocks still have a long ways to go to recover the October lows but it's also important to note that the DAX broke the 61.8% retracement today.

German DAX

posted via ForexLive