European indices turn mixed on the day at the close

The major European indices are closing the day mixed/little changed, erasing earlier declines at the start of the US session. The snapshot of the closing levels shows:

• German DAX, +0.34%
• France’s CAC, -0.36%
• UK FTSE 100, +0.06%
• Spain’s Ibex, -0.11%
• Italy’s FTSE MIB +0.07%

The German DAX closed at a new record level. The DAX’s ascent to record levels is attributed to a combination of strong corporate earnings, positive economic indicators, and investor confidence in Germany’s economic resilience. Sectors such as technology, telecommunications, finance, pharmaceuticals, and energy have been at the forefront of this growth, reflecting a diversified and robust market performance.

The UK FTSE 100 closed at 8786.47, which is within shouting distance of its record high close from February 28 at 8809.75

Spain’s Ibex closed at a new high, going back to 2008

This article was written by Greg Michalowski at www.forexlive.com.