European shares are a reminder that this is not a broad world rally, it is an AI-driven rally with just a few magacap tech and chip names within the US driving it.
Closing adjustments on the day:
- Stoxx 600 -0.1%
- German DAX -0.3%
- UK FTSE 100 -0.3%
- French CAC -0.2%
- Italy MIB +0.3%
- Spain IBEX -0.1%
On the week:
- Stoxx 600 flat
- German DAX flat
- UK FTSE 100 -0.5%
- French CAC +0.8%
- Italy MIB +1.4%
- Spain IBEX -1.6%
That is two weeks in a row of indecision after breaking out to new highs.
This text was written by Adam Button at www.forexlive.com.
