The Stoxx 600 gained 2.4% in the biggest climb in 8 months. Other indexes were similarly bubbly.
- UK FTSE +2.0%
- German DAX 2.5%
- French CAC +3.6%
- Spain IBEX +3.3%
- Italy MIB +2.9%
It’s like the ole’ Bernanke put has taken hold in Europe as rate cut hopes outweigh dismal economic data. It’s building into a classic buy-the-rumor, sell-the-fact trade (the opposite for the euro).
