Closing changes for the main European bourses

  • UK FTSE 100 +1.5%
  • German DAX -0.5%
  • French CAC +0.8%
  • Spain IBEX -0.9%
  • Italy MIB +0.4%

The pound is flat on the day so FX hasn't been much of a factor in the FTSE 100 rally. Meanwhile, one company weighing on German stocks is Wriecard after the FT ran a story about fraud and money laundering tied to its Asian division.

The FTSE 100 needs to get over 7000 to get some momentum:

FTSE 100 chart