TECHNICAL ANALYSIS

European stocks finish lower that day


Major Indices Catched Up On Friday’s US Fall

The main European indices were closed on Friday due to the May 1 holiday. US stocks fell sharply that day. Today was a “catch-up” for the main European indices (at least in part).

The provisional closings show:

  • German Dax -3.6%
  • French CAC -4.4%
  • UK FTSE 100, -0.2% (UK markets were open on Friday)
  • Spanish ibex -4.5%
  • FTSE MIB in Italy, -3.0%

In the European debt market, the 10-year benchmark yields end the session, with the yields of most countries being in the middle of the trading ranges. Italian 10-year rates were significantly higher at 1.869%, but rallied at the close and closed the session down to 1.751%.

Major Indices Catched Up On Friday's US Fall

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