The major European bourses got off to a strong start tracking the Wall Street rally overnight, with the DAX 30, SMI 20, Stoxx 600 and bourses at Hungary and Denmark hitting all time highs. France's CAC 40 and Spain's IBEX 35 hovered around period highs. FTSE 100 and CAC 40 soon corrected from the opening levels, to trade near the flat-line, leaving the DAX 30 to lead the region's stock market rally.
Dollar Index hit a 19 week low of 89.648 and Euro, Pound, Yen, Yuan etc strengthened over yesterday's levels to the greenback as an abrupt end to the bond buying program appeared remote, amidst the continuing Fed narrative of transitory spike in inflation.
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