European markets ride high ahead of Greek election

Europe's major markets are climbing today ahead of the Greek elections, and following the Bank of England's unveiling of a £100bn stimulus package for the UK economy.

The French Cac was up 1.77% at 3,085 while the Euro Stoxx rose 1.44% to 2,179 in afternoon trading. Germany’s Dax index was 1.45% higher, trading at 6,227. Investors are awaiting the outcome of the Greek elections to be held over the weekend, as well as a raft of economic data due from the US later today. However reports suggesting other central banks are ready to step in to help boost liquidity in financial markets has sent equities higher in the meantime. The Bank of England led the way overnight, after revealing it is set to pump billions of pounds into the economy in the form o...