European shares rally sharply ahead of producer price data
The region-wide STOXX 600 index was up 1.8% by 0722 GMT, hitting its highest level since Sept. 23 along the way, and tracking a solid rally on Wall Street overnight.London’s blue-chip FTSE 100 index rose 1.4%, building on gains from the previous session after the UK conservative government’s decision to reverse parts of its controversial tax cut plans.
