A good week for European equities as they benefit from flow of funds
- German DAX, -0.5%
- France’s CAC, +0.2%
- UK’s FTSE 100, +0.4%
- Spain’s Ibex, +0.45%
- Italy’s FTSE MIB, unchanged
- German Dax, +4.18%
- France’s CAC, +4.5%
- UK’s FTSE 100, +1.9%
- Spain’s Ibex, +4.1%
- Italy’s 4.9%
Year to date, all the indices are also higher:
- German Dax, +5.71%
- France’s CAC, +8.87%
- UK’s FTSE 100, +4.62%
- Spain’s Ibex, +6.9%
- Italy’s footsie MIB, +8.4%
In the forex, the snapshot of the strongest weakest as London/European traders look to exit shows the CAD is extending its lead to the upside after a trauma than expected jobs report today. The NZD and GBP remain the weakest. The USD is stronger but losing ground vs the CAD.