Draghi to the rescue for European stocks:

  • German DAX +1.8%
  • French CAC +2.1%
  • Italy MIB +2.1%
  • Spain IBEX +1.7%
  • UK FTSE was closed for a holiday

Today’s rally in the DAX boosted the index above the 50% retracement.

DAX 50 precent

DAX