European equities rally on the first session of 2012

Source: Marketwatch

Europe's markets experienced a sharp increase on Monday as better-than-predicted German PMI data lifted investor confidence. Stoxx Europe 600 index gained 1.1% and finished at 247.15. German DAX rocketed 3% led by chemicals and drug producers and closed at 6,075.52. French CAC 40 index advanced 2%, reaching 3,222.30. UK market was closed for a holiday. 

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