Major European indices closed today with gains led by the Spanish Ibex which rose 1.56% and the German DAX which rose 1.36%. The major European indices were also higher for the trading week.
A review of the gains today showed:
German DAX, +243.73 points or 1.36% at 18161.02.France CAC +71.59 points or 0.89% at 8088.25.UK FTSE 100 rose 60.99 points or 0.75% at 8139.84. The index closed at record levels this week.Spain’s Ibex rose 170.90 points or 1.56% at 11154.61 the index closed at its highest level August 2015Italy’s FTSE MIB rose 310.02 points or 0.91% at 34249.76.
For the trading week:
German DAX rose 2.39%. That’s the largest week gain since January 22 week.France CAC rose 0.82%.UK FTSE 100 hundred rose 3.09%. Its largest week gain since September 2023.Spain’s Ibex rose 3.96%. Its largest week gain since November 2023Italy’s FTSE MIB rose 0.97%.
European 10 year yields fell today, but were mostly higher for the week.
Germany, 2.573%, -6.0 basis points. For the trading week up 4.5 basis pointsFrance 3.064%, -6.7 basis points. For the week up 4.5 basis pointsUK 4.333%, -2.4 basis points. For the week up 10.2 basis pointsSpain 3.367%, -7.6 basis points. For the week up 4.9 basis points.Italy 3.89%, -9.4 basis points. For the week the yield fell -1.8 basis points bucking the trend.
This article was written by Greg Michalowski at www.forexlive.com.