European stocks were mixed today but the DAX broke out higher, generating some momentum. Still, the gains aren’t on par with the strong day for the Nasdaq:
- Stoxx 600 -0.1%
- German DAX +0.4%
- FTSE 100 +0.1%
- French CAC +0.4%
- Italy MIB -0.1%
- Spain IBEX -0.1%
For the week:
- Stoxx 600 +1.3%
- German DAX +1.9%
- FTSE 100 +0.5%
- CAC 40 +0.9%
- Italy MIB +2.4%
This breakout isn’t on economic strength, I can tell you that:
DAX weekly chart