WOW: Europe Hit A High-Note To End The Week

Europe had a huge rally today.

England’s FTSE 100 was up 0.7%.

France’s CAC 40 was up 2.1%.

Germany’s DAX was up 1.0%.

Spain’s IBEX was up 1.6%.

Italy’s FTSE MIB was up 1.6%.

This comes ahead of the huge Italian elections this weekend.

The rally comes even after the EU slashed its euro area growth forecast for the year to -0.3 per cent from +0.1 per cent.

Then again, the IFO institute told us business confidence jumped to a 10-month high in Germany, the largest economy in Europe.

Here’s an intraday look at the EURO STOXX 50 index via Bloomberg:

euro stoxx

Photo: Bloomberg

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

markets moneygame-us