European shares end lower on the day but close higher this week.

A rotation in the European shares perhaps?

The major European indices are ending the day lower. However if you look at the week, despite the anxiety in the US markets, the indices are all higher.

A look at the provisional closes shows:

  • German DAX, -0.9%
  • Francis CAC, -0.8%
  • UK’s FTSE 100, -0.4%
  • Spain’s Ibex, -0.8%
  • Italy’s FTSE MIB, -0.7%

For the week, despite the the clients today, the major indices are all higher:

  • German DAX, +1%
  • Francis CAC, +1.4%
  • UK’s FTSE 100, +2.2%
  • Spain’s Ibex, +0.7%
  • Italy’s FTSE MIB, +0.4%

In other markets as European/London traders look to exit for the weekendL

  • Spot gold is trading unchanged at $1697.50.
  • Spot silver is trading down $0.36 or -1.42% $24.99
  • WTI crude futures are trading up $2.07 or 3.24% and $65.91. The high price reached $66.23. The low was at $63.82
  • The price of bitcoin is down around $500 or -1.05% and $47,420

a snapshot of the strongest and weakest currencies, now shows the USD as the strongest and the AUD as the weakest.  

The US dollars now the strongest

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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