The major European indices are ending the week today with moves to the downside. However, for the week, share prices are higher. A snapshot of the closing levels today shows:
- German DAX, -0.82%
- France’s CAC, -0.92%
- UK’s FTSE 100 -0.38%
- Spain’s Ibex -0.94%
- Italy’s FTSE MIB -1.11%.
For the trading week:
- German DAX, +1.97%
- France’s CAC +1.73%
- UK’s FTSE 100 +1.34%
- Spain’s Ibex +0.26%
- Italy’s FTSE MIB +1.15%
Not a great day but not about week for the major European indices.
Having said that, the German DAX had a chance to close a week at a record level but failed. The previous high close was at 24,304. The index today closed at 24,255.32.
The UK FTSE 100, however, is closing the week at a new record at 8941.13.
As London/European traders exit for the week, US stocks are lower:
- Dow industrial average is down -343 point or -0.77% at 44311. For the trading week the Dow is down -1.15%
- S&P index is down -22.57 points or -0.36% at 6257.99. Despite making new record highs this week, the index is now down -0.34% for the trading week.
- NASDAQ index is down -14.19 points or -0.07% at 20616.88
European shares end the week with a move to the downside.
