UK FTSE recovers earlier declines.
The European shares are closing higher on the day. The UK FTSE is closing higher after trading sharply lower earlier in the day (-0.95%). It is closing up 0.07%.
A look at the closes shows:
- German Dax, 0.37%
- France CAC, 0.56%
- UK FTSE, up 0.07%
- Spain’s Ibex, +1.06%
- Italy’s FTSE MIB, +0.68%
For the week, the major indices are also closing higher:
- German DAX, +1.51%
- France’s CAC, +1.86%
- UK’s FTSE 100, +0.25%
- Spain’s Ibex, +2.67%
- Italy’s FTSE MIB, +2.97%
A quick snapshot of other markets as London/European traders exit for the week shows:
- Spot gold $-30.57 or -1.68% at $1785.24. That is up from the low for the day at $1774.42, but well below the high for the day at $1813.91. The $1800 level remains a key resistance level
- Spot silver is trading down $0.80 or -3.42% $22.61
- WTI crude oil futures are trading down $0.28 of -0.61% at $45.43. The low reached $44.55. The high extended to $46 and and $0.09
- Bitcoin on Coinbase is trading down $286 at $16,763.48. The low price reached $16,400. The high extended to $17,475.
In the forex market, the EUR has moved to be the strongest of the major currencies, while the GBP remains the weakest.