"European stocks remain a buy ... Even though the fundamentals remain weak there is not much to stop them from rallying into year-end, including a supportive Fed which might well not start tapering until March next year," said Lex van Dam, hedge fund manager at Hampstead Capital.
Technical analysts were bullish on the Euro STOXX 50, trading just above its 20-day moving average, at 3,036.
Craig Erlam, analyst at Alpari, said this helped build a picture of the bullish trend for the index remaining intact, and targeted 3,106, the five-year high hit last week".
Source: Reuters
