European equity indexes enter the weekend broadly in the green after a good week on the charts. London’s FTSE 100 index caught a late-week rally to en
d the trading week into the £7,700 region. Developers and home builders were the big bidders for the United Kingdom’s major index as investors bet that the housing market slowdown could face its end.
Investor sentiment caught some support from China figures this week that saw retail sales and industrial production figures broadly beat expectations, easing concerns of a global slowdown sparked by a declining Chinese economy.Germany’s DAX closed the week in the green but has struggled to regain the €16,000 level, closing out Friday near €15,870. The German index is up over 0.5% for Friday, and gained a little over 2% from the week’s lows.
France’s CAC 40 was the big winner of the major European indexes on Friday, bouncing upwards just shy of 1% and gaining 1.6% for the trading week. The UK’s FTSE 100 ended Friday up 0.5%, capping off a 3.15% rebound from the week’s bottom and the equity index tested into sixteen-week highs on Friday.pangs have eased for the time being and investors are pushing higher-yielding assets higher. The pan-European EuroStoxx 50 blue chip index ended the week 1.15% higher at €4,327 but has yet to re-challenge 2023’s highs above €4,450.
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