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