German and UK stocks close at record highs

  • Europe is hot

Money is flowing to Europe at the moment, with some big gains in stock markets today led by defense.

  • STOXX 600 +1.2% to record high
  • DAX +2.6% to record high
  • FTSE 100 +0.7% to record high
  • French CAC +1.2%
  • Spain IBEX +0.3%

Cheap valuations and a hated market can lead to some incredible rallies.

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