European equity close: Nice finish caps off a weekly gain | Forexlive

Daily changes:

• Stoxx 600 +0.25%
• German DAX +0.5%
• UK FTSE 100 +0.1%
• French CAC +0.35%
• Spain IBEX -0.4%
• Italy MIB +0.3%

Weekly changes:

• Stoxx 600 +0.1%
• German DAX +0.4%
• UK FTSE 100 +0.5%
• French CAC +0.6%

The weekly Stoxx 600 is at an interesting level. It’s through the yearly highs, including on the weekly close but it’s riding a 5-week winning streak and didn’t exactly rip through resistance. There’s still a wall of worry to climb, so that’s bullish but I’m struggling to envision a catalyst, particularly in the near term.