Scoreboard: European revival

European stocks soared following news the eurozone's recession was over, while Yellen came out swinging in defence of QE.

Stocks are up again and in Europe they’re up with gusto following confirmation that the world’s largest economic zone is out of recession. This is great news by the way, so ignore the press talking of a slowing and what have you. That’s not the key message coming from the data. The key message is that Europe is healing, and the worst is past. So investors take heart. And they did in Europe with the Dax up 1.1 per cent, the CaC up 1 per cent, while the FTSE100 was 0.5 per cent higher.

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