European markets put in a mixed performance overnight, with Wall Street shut due to the President’s Day holiday.
Miners led the advance in Europe as commodities strengthened and the latest batch of earnings surprises to the upside.
In another sign that Europe’s debt crisis has abated, Moody’s raised its outlook on Italy’s credit rating from negative to stable.
The UK FTSE added 1.1% to 6736, whilst the German DAX and French CAC each shed 0.1%.
Gold’s hot streak continued, with bullion surging another one percent in electronic trading amid ongoing uncertainty over the global economy.
The greenback weakened against most other major currencies, whilst the Aussie held above 90 US cents ahead of today’s RBA meeting minutes for February.
The minutes are due for release at 11:30am, AEDT.
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