Headline: Europe’s Stocks Slip as Weekly Losses Deepen
European equities finished mostly lower on Friday, capping a difficult week marked by risk-off sentiment and elevated volatility. A late rebound in U.S. markets helped stabilize broader risk appetite, but it wasn’t enough to prevent widespread weekly declines across major European indices.
At the close, Germany’s DAX fell 0.78%, Spain’s Ibex 35 dropped 0.99%, and Italy’s FTSE MIB lost 0.51%. France’s CAC 40 edged down 0.03%, while the UK’s FTSE 100 bucked the trend with a marginal 0.05% gain. The moves underline a cautious tone across European stock markets as investors weigh growth concerns and shifting rate expectations.
For the week, losses were broad-based, with most major benchmarks down 2% or more. The DAX slid 3.27% for its steepest weekly decline since late March, while Spain’s Ibex 35 fell 3.21% and Italy’s FTSE MIB dropped 3.03%—both their worst weeks since late March. France’s CAC 40 declined 2.34%, and the FTSE 100 retreated 1.71%. In the U.S., a volatile session saw the S&P 500 and Nasdaq briefly dip below their 100-day moving averages before rebounding. Into the afternoon, the Dow rose 0.90% to 46,171, the S&P 500 gained 0.72% to 6,586.51, and the Nasdaq advanced 0.52% to 22,190.17. However, on the week the Dow was down 2.09%, the S&P 500 fell 2.21%, and the Nasdaq lost 3.08%.
Key Points – European markets mostly closed lower; FTSE 100 eked out a 0.05% gain – Daily moves: DAX -0.78%, CAC 40 -0.03%, Ibex 35 -0.99%, FTSE MIB -0.51% – Weekly performance: DAX -3.27% (largest since late March); Ibex 35 -3.21%; FTSE MIB -3.03%; CAC 40 -2.34%; FTSE 100 -1.71% – U.S. equities rebounded intraday after testing 100-day moving averages – U.S. snapshot: Dow +0.90%, S&P 500 +0.72%, Nasdaq +0.52% on the day – Despite the rebound, U.S. indices finished the week lower: Dow -2.09%, S&P 500 -2.21%, Nasdaq -3.08%
