European equity close: Four days in a row of gains to cap off a weekly rebound

August 16, 2024
-Euro, FCHFX

August 16, 2024 at 04:44PM
On the day:

Stoxx 600 +0.3%

German DAX +0.8%

Francis CAC +0.4%

UK’s FTSE 100 -0.4%

Spain’s Ibex +0.6%

Italy’s FTSE MIB +2.0%

Italy posted some strong outperformance today while the UK struggled.

On the week:

Stoxx 600 +2.4%

German DAX +3.4%

Francis CAC +2.7%

UK’s FTSE 100 +5.0%

Spain’s Ibex +2.9%

Italy’s FTSE MIB +4.0%

The STOXX 600 is up 6.4% from the lows last week and is on a solid winning streak. It would have been particularly bullish to get a close above last week’s opening levels but the bulls will take what they can get.

This article was written by Adam Button at www.forexlive.com.

European equity close: Four days in a row of gains to cap off a weekly rebound

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