It has been a struggle lately for European equity markets but this is a major change in fortunes as the market jumps on the idea of a peak in rates.
Closing changes:
- Stoxx 600 +2.0%
- German DAX +1.9%
- UK FTSE 100 +1.9%
- French CAC +2.0%
- Italy MIB +2.4%
- Spain IBEX +2.3%
This looks like an emphatic rejection of the breakdown in the STOXX 600.
STOXX 600 daily