ECB rate hike boosts European markets and stocks.

European stock markets were up as investors digested the European Central Bank's decision to raise its benchmark policy rate by 25 basis points. The UK reported hotter-than-expected economic data, causing two-year UK gilt yields to hit their highest point since April 2008. The British sterling teetered on a 14-month high against the US dollar. Portfolio manager at Janus Henderson Investors, Matthew Culley, said India is a "fantastic place" for countries looking to move away from China due to its strong economic background and cheap labor. Swiss investment bank UBS expects shares of a large global airline to rise by 50% in the next year.