European equity close: Strong day to mark another week of gains | Forexlive

Closing changes for the main European markets:

• Stoxx 600+1.1%
• UK FTSE 100 +0.5%
• German DAX +1.2%
• French CAC +1.1%
• Italy MIB +1.2%
• Spain IBEX +0.9%

On the week:

• Stoxx 600 flat
• UK FTSE 100 +0.8%
• German DAX +1.2%
• French CAC +0.6%
• Italy MIB +0.6%
• Spain IBEX +0.1%

I tend to think that a big chunk of this five-week rally is due to good weather. I wouldn’t count on that lasting forever. I don’t see much fuel left in the tank on the Stoxx 600 chart.