European shares give up gains and close near session lows

  
Analysis, Global Indices

UK FTSE 100 leads the move to the downside

The major European indices give up gains of over 1% and are ending the day around or below unchanged (and at session lows). The UK FTSE is the biggest decliner. The GBP is also the strongest currency on the day.

The provisional closes are showing:
  • German DAX, +0.1%. The traders highs +1.2%
  • France’s CAC, +0.1%. It traded as high as 1.3%
  • UK’s FTSE 100, -1.1%. It traded as high as 1.13%
  • Spain’s Ibex, fell -0.03%. It traded as high as 1.49%
  • Italy’s FTSE MIB fell -0.3%.. It traded as high as 1.26%
As London traders head for the exit, the GBP remains the strongest of the major currencies. The JPY remains the weakest. The USD has stayed mostly lower on the day but has traded up and down in choppy trading.
Go to top