European indices close higher. German Dax, France CAC & UK FTSE 100 close at record levels

The major European indices are closing higher on the day, and higher for the week. Moreover, the German DAX, France CAC, and UK FTSE 100 are all closing and record high levels. Expectations for lower rates are nothing risk-on flows.

A snapshot of the closing levels shows:

• German DAX, Rose 70.24 points or 0.38% at 18756.85
• France CAC rose 26.70 points or 0.33% at 8214.36
• UK FTSE 100 rose 56.85 points or 0.68% at 8438.21
• Spain’s Ibex rose 55.40 points or 0.50% at 11105.49
• Italy’s FTSE MIB rose 318.05 points or 0.93% at 34657.36

For the trading week:

• German DAX rose 4.20% its largest gain since November 2023
• France CAC rose 3.29%, its largest gain since January 22, 2024
• UK FTSE 100 rose 2.68%
• Spain’s Ibex rose 2.31%
• Italy’s FTSE MIB rose 3.06%

This article was written by Greg Michalowski at www.forexlive.com.