Europe: TGI Friday

A T.G.I. Friday's restaurant is seen on December 1, 2015 in New York City. A new sodium warning that includes the logo of a salt shaker printed in menus is the result of a city-wide law effecting restaurants with 15 or more locations and lets consumers know that an item has 2,300 milligrams of sodium or more in it. Restuarants must have the logo on their menu starting today. (Photo by )Andrew Burton/Getty ImagesA T.G.I. Friday’s restaurant is seen on December 1, 2015 in New York City.

European stock markets have ended the week with a bang.

Here’s the scoreboard at markets close:

  • FTSE 100: +3.07%
  • DAX: +2.40%
  • CAC 40: +2.45%
  • Euro Stoxx 50: 2.43%

The rally came after a dreadful showing for markets on Thursday. Volatility is the dominant force in markets right now.

Friday’s rally feels like a dead cat bounce. There isn’t much positive news around — German industrial numbers disappointed and other than that there’s been little economic news.

But it seems like traders just think Thursday’s fall was overdone. Time to snap up bargains.

Rolls-Royce was one of the biggest risers in London, bouncing over 14% after it held 2016 forecasts. Deutsche Bank has also rallied 12% in Frankfurt after pledging to buy back $5.4 billion worth of its own debt.

NOW WATCH: Wall Street’s unbelievable secret history

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