The major European indices are closing higher for the day and higher for the week. The indices are now up for the third consecutive week.

A snapshot of the closing levels shows:

German DAX rose 2.62%. For the trading week the index was up 3.8% last week the index rose 4.89%
Francis CAC rose 2.33%. For the trading week the index rose 3.11%.
UK FTSE 100 rose 1.17%. For the week the index rose 2.15%
Spain’s Ibex rose 1.20%. For the week the index rose 0.68%, but closed at its highest level going back to 2008
Italy’s FTSE MIB rose 1.92%. For the week the index rose 2.62%.

For the year the major indices are all higher:

German DAX is up 15.96%
Francis CAC is up 5.28%
UK FTSE 100 is up 5.18%
Spain’s Ibex is up 15.97%
Italy’s FTSE MIB is up 12.12%

By way of comparison, the US major indices are lower on the year:

Dow industrial average -2.80%
S&P index -3.18%
NASDAQ index -6.62%

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