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Markets are rallying across Europe.England’s FTSE 100 is up 0.6%.
France’s CAC 40 is up 0.7%.
Germany’s DAX is up 0.5%.
Spain’s IBEX is up 1.7%.
Italy’s FTSE MIB is up 1.1%.
Earlier this morning we learned that business confidence in Germany climbed for the second month in a row, beating expectations.
Global markets have been rallying this week on evidence that fiscal cliff negotiations are making progress.