European Stocks Are Climbing And The DAX Just Hit 10,000

Berlin WallREUTERS/Wolfgang RattayFireworks illuminate the Brandenburg Gate in Berlin November 9, 2009, during celebrations to mark the 20th anniversary of the fall of the Berlin Wall.

Germany’s DAX just climbed above 10,000 for the first time in nearly six months, ahead of a major ECB decision on monetary policy this Thursday.

Here’s the scorecard:

France’s CAC 40: +0.75%

Germany’s DAX: +0.65%

UK’s FTSE 100: +0.66%

Spain’s IBEX: +0.33%

Italy’s FTSE MIB: +0.62%

Asian markets closed up too. Japan’s Nikkei finished 0.42% and Hong Kong’s Hang Seng climbed 1.23% from Monday’s drop.

US futures are up too: the S&P is 4.25 points higher and the Dow is up 42 points ahead of Tuesday’s opening.

It’s a light day for data but several senior Federal Reserve figures are giving speeches later: watch out for news lines from chair Janet Yellen, Stanley Fischer and Lael Brainard, which could give some indication as to the Fed’s current stance.

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