SCOREBOARD: European valor

Europe saw its biggest market gains this year, but economic sentiment was mixed ahead of Italy's election.

Having spent the last couple of weeks not doing a great deal, the bid was back on stocks last night and with gusto in Europe. The Dax shot up 1.6 per cent, the CaC is up 1.9 per cent while the FTSE100 was almost 1 per cent higher. For the European bourses these are the biggest gains since the New Year. The catalyst was a sharp jump in the ZEW survey of economic sentiment, which is one of the better ones and certainly worth watching.

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