European equity close: What’s not to like about this chart?

Closing changes on the day:

• Stoxx 600 +0.5%
• German DAX +1.3%
• Francis CAC +0.8%
• UK’s FTSE 100 +0.5%
• Spain’s IBEX +0.3%
• Italy’s FTSE MIB +0.9%

Closing changes on the week:

• Stoxx 600 +2.7%
• German DAX +4.0%
• Francis CAC +4.0%
• UK’s FTSE 100 +1.1%
• Spain’s IBEX +2.0%
• Italy’s FTSE MIB +2.9%

What’s not to like about this chart? European stocks have a lot of leverage to China and they’re responding to that and what looks like will be a dovish turn from the ECB and others.

This article was written by Adam Button at www.forexlive.com.