Closing changes for the main European bourses:
- UK FTSE 100 +1.6%
- French CAC +1.5%
- German DAX – closed for holiday
- Italy MIB – +1.8%
- Spain IBEX +1.5%
If you’re bullish on the global recovery from the virus, there is a compelling case to shift money to European equities from US equities on valuation. The euro is consolidating today but it’s still comfortably above 1.10.