European stocks close higher: Four gains in five days this week

European stock markets have recovered all the early August declines with another strong rally today. It is the fourth rise in five days this week.

On the day:

• Stoxx 600 +0.5%
• German DAX +0.8%
• French CAC +0.7%
• UK’s FTSE 100 rises 0.5%
• Spain’s IBEX rises 1.1%
• Italy’s FTSE MIB rises 1.0%

In the week:

• STOXX 600 +1.4%
• German DAX +1.7%
• French CAC +1.7%
• UK’s FTSE 100 rises 0.2%
• Spain’s IBEX rises 3.0%
• Italy’s FTSE MIB rises 1.8%

This article was written by Adam Bouton on www.forexlive.com.