European equity close: Do we have a double bottom in place?

  • Closing changes in Europe
  • Stoxx 600 +1.4%
  • UK FTSE 100 flat
  • French CAC +2.0%
  • German DAX +0.9%
  • Italy MIB +1.2%
  • Spain IBEX +1.5%

The Stoxx 600 suddenly looks like it has a nice double-bottom in place.

Stoxx 600 daily
Stoxx 600 daily

Ultimately, I think it will be highly dependent on the weather in Europe this winter but October has been mild, so that's a great start.

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