Wednesday brings a continuation of a strong rally on European indices. This is the fourth day of strong gains and despite concerning news of unrest in Hong Kong indices keep soaring higher – close to 2% up for DE30, FRA40 and EU50. DE30 is up a massive 46% from a pandemic low in March! Looking at DE30 the level to watch is 11830 – a local low from October 2019.

Daily summary: Wall Street climbs higher as oil falls 📈 SpaceX surges 28%
Wall Street Rebounds as Oil Prices Fall 📈 Adobe Shares Drop 8% After Earnings
French luxury companies and banks gain as the inflation rises
Market Wrap: Inflation rises and de-escalation. Airlines recover losses.