European equity close: Another day of gains, why not? | Forexlive

What a start to the year for European stock markets.

Closing changes on the day:

• Stoxx 600 +0.5%
• German Dax +0.2%
• France’s CAC +0.7%
• UK’s FTSE 100 +0.7%
• Spain’s Ibex +0.6%
• Italy’s FTSE MIB +0.2%

On the week:

• Stoxx 600 +1.9%
• German Dax +3.4%
• France’s CAC +2.4%
• UK’s FTSE 100 +1.9%
• Spain’s Ibex +2.1%
• Italy’s FTSE MIB +2.4%

The year-to-date gains are now above 8% in Europe, which is surely better annual performance than 99% of European hedge funds over the past decade.