European equity market close: Gains of more than 1% with a strong finish
BCA downgraded European equities today but the market sure didn't.
Closing changes on the day:
- Stoxx 600 +1.2%
- German DAX +1.1%
- France CAC +1.1%
- UK FTSE 100 +1.1%
- Spain IBEX +0.5%
- Italy's FTSE MIB +0.8%
This was a nice gain in the DAX as it traded lower midway through the day only to steady and then surge late, finishing at the highs. It's the first big gain in the index in more than six weeks.
