European equity close: Booming day, huge gains

<p>It has been a struggle lately for European equity markets but this is a major change in fortunes as the market jumps on the idea of a peak in rates.</p><p>Closing changes:</p><ul><li>Stoxx 600 +2.0%</li><li>German DAX +1.9%</li><li>UK FTSE 100 +1.9%</li><li>French CAC +2.0%</li><li>Italy MIB +2.4%</li><li>Spain IBEX +2.3%</li></ul><p>This looks like an emphatic rejection of the breakdown in the STOXX 600.</p>

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