European indices end week with a 3 day losing streak after rising strongly Monday/Tuesday

  
Analysis, Global Indices

The major European indices are ending the week with a three day losing streak after rising strongly on Monday/Tuesday. Despite the declines, the indices are closing with gains for the trading week.

The provisional closes are showing:

  • German DAX, -0.1%
  • France’s CAC, -0.3%
  • UK’s FTSE 100, -0.35%
  • Spain’s Ibex -0.6%
  • Italy’s FTSE MIB, -0.4%

For the trading week, the major indices are trading with solid gains for the week:

  • German DAX + 3.0%
  • France’s CAC +3.2%
  • UK’s FTSE 100 +2.4%
  • Spain’s Ibex +1.4%
  • Italy’s FTSE MIB +3.0%

In other markets as European/London traders look to exit:

  • Spot gold is trading up $11.80 or 0.67% at $1785.50
  • Spot silver is up $0.20 or 0.92% $22.13
  • WTI crude oil futures are trading up $0.16 at $71.10
  • Bitcoin is trading at $47,641, and remains comfortably below the $50,000 level
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