SignalEU/UK

European markets advance, Germany's DAX sets fresh record

DAX hitting a fresh record signals broad European market strength.

Context

What happened: European markets advanced, with Germany's DAX rising 1.11% to a fresh record high and London's UKX up 0.21%. Key numbers: DAX +1.11%, UKX +0.21%, sterling below $1.33, UK Q3 GDP +0.7%. Why it matters: Sterling stayed under pressure near its lowest since mid-October, while UK Q3 GDP growth of 0.7% was driven by steady monthly growth.

What changed

European markets advanced, with Germany's DAX rising 1.11% to a fresh record high and London's UKX up 0.21%.

Why it matters

Sterling stayed under pressure near its lowest since mid-October, while UK Q3 GDP growth of 0.7% was driven by steady monthly growth.

Sources

seekingalpha