European Bourses Post Second Day of Big Gains

The European markets just closed, and for the 2nd straight day, posted some impressive gains. As the global markets seem to trade more in sync these days, this bodes well for our markets here. This is how some of their markets fared:

• Germany: +2.31%
• Norway: +1.94%
• U.K.: +1.24%
• Netherlands: +1.20%
• Italy: +1.18%
• Spain: +1.15%

For comparison purposes, if the Dow gained 2.31% today, it would translate to more than 300 points. The U.S. market has lagged most of its European and Asian indexes over the last few years, so a period of catch-up is in order.