European equity close: Another day of gains

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.