US markets start the year tomorrow, but Europe wasn't bothered by the fact that New Year's Day fell on a Sunday, thus depriving the people of a proper day off.
So the trading began today.
The big gainer? Germany's DAX index, which gained over 3%. A strong German manufacturing number helped out.
Also, manufacturing data out of India and China also helped.
On the debt side of things, the Italian 10-year moved below 7% again, which is nice.
Short-term rates continue to fall in Europe as well.
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