European markets on Thursday continued to rally, reflecting the gains on Wall Street, which saw its biggest single day rise for four years on Wednesday.<br /><br /> In London the FTSE closed up 3.56 percent. The DAX in Frankfurt was up 3.18 percent. Paris rose 3.49 percent and in Zurich SMI closed trading up by 3.09 percent. <br /><br /> “In European markets they’re trading in the green at the moment”, said Peter Dixon, Chief Economist at Commerzbank. “That’s a reflection of the fact that investors realise that the collapse in Chinese markets is not necessarily going to have a huge degree of implications for the European markets in general.” <br /><br /> The volatile nature of world markets in recent weeks means it will take more than a one day rally before anyone can say they have returned to normal.
