European equity close: Stocks cheer the ECB rate cut

Closing changes in Europe:

• Stoxx 600 +0.7%
• German DAX +0.7%
• France CAC +1.3%
• UK FTSE 100 +0.7%
• Spain IBEX -0.7%
• Italy’s FTSE MIB +1.0%

European stock markets peaked at the time of the US open but sagged alongside US stocks after the open. The DAX touched a record but then gave much of it back.

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