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“Wall Street’s renewed health is spreading to other markets, and in particular to Europe, which is a poor relation in terms of economic growth,” writes Les Echos.
In Frankfurt, the DAX “has gained 124 per cent since March 2009,” while the FTSE in London “has reached its highest level since November 1, 2007”.
For the business daily, “the markets have benefited from a number of favourable elements,” notably encouraging figures for industrial production in the United Kingdom and Germany, positive corporate results, and a calming of tensions on the issue of sovereign debt.
The stabilisation of the debt crisis —
has reassured investors, who did not fail to take advantage of Portugal’s return to financial markets [an encouraging sign for Greece which is hoping to resume bond sales before 2014].
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