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European equity markets finish the week with gains greater than 10%

  
Analysis, Global Indices
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Massive week for European stock markets

Closing changes for the main bourses:
  • German DAX +3.4%
  • UK FTSE 100 +2.2%
  • Italy MIB +2.7%
  • French CAC +3.5%
  • Spain IBEX +4.2%
On the week:
  • German DAX +9.1%
  • UK FTSE 100 +6.6%
  • Italy MIB +10.9%
  • French CAC +10.4%
  • Spain IBEX +10.9%
When tack on a 2% rally in EUR/USD the gains look even better. With gains like this you can see why money is flowing into the euro.
The run in Italian stocks has been spectacular:
Italy MIB chart

European equity close: France leads a rebound but UK falls

  
Analysis, Global Indices
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Closing changes for the main bourses:

  • UK FTSE 100 -0.5%
  • French CAC +0.6%
  • Italy MIB +0.4%
  • Spain IBEX +0.2%
Germany was holiday today for the national day of unity.
I have been keeping a close eye on the CAC-40 this week because the reversal Tuesday was the first sign of global trouble. It was the leader today but the bounce still pales in comparison to the fall on Tues-Wed.
Closing changes for the main bourses:

European equity close: Solid close to wrap up a great week

  
Analysis, Global Indices
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Closing changes for the main European equities

  • UK FTSE 100 +0.4%
  • German DAX +0.6%
  • French CAC +0.3%
  • Italy MIB +0.4%
  • Spain IBEX +0.9%
On the week:
  • UK FTSE 100 +1.3%
  • German DAX +2.3%
  • French CAC +1.1%
  • Italy MIB +1.1%
  • Spain IBEX +1.7%
Given the gains in the euro and (especially) the pound on the week, the performance was particularly impressive.
The FTSE 100 is right at the 55-day moving average:
Closing changes for the main European equities

European equity close: Italy leads the slump on election worries

  
Analysis, Global Indices
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Closing changes for the main European bourses:

  • UK FTSE 100 -0.5%
  • German DAX -1.3%
  • French CAC 40 -1.1%
  • Italy MIB -2.5%
  • Spain IBEX -1.2%
On the week:
  • UK FTSE 100 -2.3%
  • German DAX -1.5%
  • French CAC 40 -0.8%
  • Italy MIB -3.5%
  • Spain IBEX -1.7%

It was a rough week for European stocks but it’s not as quite as bad as it looks (in dollar terms at least) because the euro made some headway. Still, too many of the numbers that have been coming out of Europe have been pointing in the wrong direction.

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