European equities hold onto gains ahead of finance ministers call

European stock markets are enjoying strong gains today with DAX testing 12,200 pts handle at press time (+1.75%). Investors are waiting for the EU finance ministers conference call. However, there is a growing feeling that politicians will not agree to any joint actions. Having said that, European equities may be set for disappointment, just as they did after yesterday’s G7 statement.

DE30 surged towards the upper limit of the trading range today. Source: xStation5

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