The major European indices are closing higher for the day and higher for the week. The indices are now up for the third consecutive week.
A snapshot of the closing levels shows:
- German DAX rose 2.62%. For the trading week the index was up 3.8% last week the index rose 4.89%
- Francis CAC rose 2.33%. For the trading week the index rose 3.11%.
- UK FTSE 100 rose 1.17%. For the week the index rose 2.15%
- Spain’s Ibex rose 1.20%. For the week the index rose 0.68%, but closed at its highest level going back to 2008
- Italy’s FTSE MIB rose 1.92%. For the week the index rose 2.62%.
For the year the major indices are all higher:
- German DAX is up 15.96%
- Francis CAC is up 5.28%
- UK FTSE 100 is up 5.18%
- Spain’s Ibex is up 15.97%
- Italy’s FTSE MIB is up 12.12%
This article was written by Greg Michalowski at www.forexlive.com.
