Caught the European close yesterday and it was pretty interesting how things turned around. Started the day pretty quiet with all the noise around U.S. trade policy and Iran-U.S. talks in Geneva, but then we got that late rally that pushed everything into the green for the third day running. DAX ended up about 0.45 percent, FTSE added 0.37 percent, and the CAC in France gained 0.72 percent - solid moves considering where we started.

The stock picks were all over the place though. Some real winners like Worldline which jumped over 12 percent in Paris, and Experian and Haleon doing well in London. But then you had some rough ones too - Heidelberg Materials took a 1.25 as a percentage hit in Germany, Antofagasta dropped 4.38 percent in London. Deutsche Borse rallied hard at 3.61 percent while Siemens Energy stumbled. Just the usual mixed bag you see when sentiment shifts.

What caught my eye was the economic data coming out. Eurozone confidence actually weakened in February - the sentiment index fell to 98.3 when people were expecting it to rise. Bank lending to businesses slowed down too at 2.8 percent growth in January versus 3.0 percent the month before. Household lending stayed stable at 3.0 percent. Meanwhile Finland's producer prices picked up, climbing 1.9 percent year-on-year after dropping in December. Overall it feels like there's some caution creeping back into the markets despite the rally.