European major indices close higher on the day

The major European indices are closing higher. The German DAX and the Italy’s FTSE MIB are leading the way.

• For the German DAX, it is closing at a new all-time record level of 22034.14. The index reached a intraday record at 22046.41.
• For Italy’s FTSE MIB, it surged by 0.91% closing at 37582.04. That was the highest level going back to June 2008.

Looking at the other major indices in Europe:

• France CAC rose 0.28%
• UK’s FTSE 100 closed up 0.11% which was good enough for a another record close for that indice
• Spain’s Ibex rose 0.52%, closing at its highest level since June 2008

As European traders had for the exits, the major US indices are trading mixed. The NASDAQ index is stretching back to the downside after moving briefly into positive territory after opening lower. The Dow industrial average is still trading higher while the S&P is down modestly:

A snapshot of the market currently shows

• Dow industrial average up 29.42 points or 0.07% at 44500
• S&P index is down -6.93 points or -0.11% at 6059.98.
• NASDAQ index is down -67.47 points or -0.34% at 19647.

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