European shares close higher on the day

  
Analysis, Global Indices

Modest gains for the major indices

The European shares are closing higher on the day with modest gains:

  • German DAX, +0.1%
  • Francis CAC, flat
  • UK’s FTSE 100, +0.2%
  • Spain’s Ibex, +0.4%
  • Italy’s FTSE MIB, +0.1%
In the forex market as London/European traders look to exit, the CHF is the strongest of the majors, while the USD remains the weakest.  Although lower, the USD has moved higher off the opening North American levels. The greenback is moving to new NY session highs vs the EUR, CHF, CAD, AUD and NZD into the London close.
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