Money is flowing to Europe at the moment, with some big gains in stock markets today led by defense.
STOXX 600 +1.2% to record highDAX +2.6% to record highFTSE 100 +0.7% to record highFrench CAC +1.2%Spain IBEX +0.3%Cheap valuations and a hated market can lead to some incredible rallies.
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