Markets Are Up Across Europe, Spain Surging

Youth Spain

Photo: Wikimedia Commons

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.

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