European equity close: Big gains, UK restrainted by currency climb | Forexlive
Daily changes:
- Stoxx 600 +1.4%
- German DAX +1.8%
- UK FTSE 100 +0.3%
- French CAC +1.5%
- Italy MIB +1.5%
- Spain IBEX +1.7%
The picture is starting to brighten in Europe and it’s looking more and more like a bottom was hit at the end of October.
STOXX 600 daily
There’s a high inverse correlation with the FTSE 100 and pound so that restrained today’s gain, with cable up 1.6%.