European equity close: Solid gains ahead of the FOMC decision

  • Euro and pound largely flat on the day
  • Stoxx 600 +0.5%
  • FTSE 100 +0.7%
  • German DAX +0.6%
  • French CAC +0.8%
  • Italy MIB +1.5%
  • Spain IBEX +0.75%

There's some level of whistling-past-the-graveyard here given what's happening with natural gas and power prices.

Goldman Sachs was out with this yesterday:

European recession
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