European equity close: Big gains, UK restrainted by currency climb

<p>Daily changes:</p><ul><li>Stoxx 600 +1.4%</li><li>German DAX +1.8%</li><li>UK FTSE 100 +0.3%</li><li>French CAC +1.5%</li><li>Italy MIB +1.5%</li><li>Spain IBEX +1.7%</li></ul><p>The picture is starting to brighten in Europe and it's looking more and more like a bottom was hit at the end of October.</p><p>There's a high inverse correlation with the FTSE 100 and pound so that restrained today's gain, with cable up 1.6%.</p>

This article was written by Adam Button at www.forexlive.com.