Headline: European Stocks Climb; FTSE 100 and Spain’s IBEX 35 Set Fresh Records as Euro Strengthens
European equities finished broadly higher, with risk appetite lifting major benchmarks across the region. The UK’s FTSE 100 and Spain’s IBEX 35 notched fresh record closes, while Italy’s FTSE MIB and France’s CAC 40 also posted robust gains. The upbeat tone in equities was mirrored in currency markets, where the euro firmed against the US dollar.
At the close, Spain’s IBEX 35 led advances with a 1.27% rise, followed by Italy’s FTSE MIB at +1.24% and France’s CAC 40 at +1.25%. The UK’s FTSE 100 added 1.15% to reach a new all-time high, and Germany’s DAX rose 0.57%. The broad-based move higher underscores ongoing momentum across European stock markets, with cyclical and large-cap names supporting the rally.
In foreign exchange, EUR/USD moved higher after buyers defended key technical support. The pair held above the 50% retracement area near 1.1568 and reclaimed the 1.1593 zone, later testing resistance around 1.1605. A sustained break above 1.1605 would put 1.1633 in focus, while a loss of 1.1593 could open a short-term pullback.
Key Points – European equities rallied, led by Spain’s IBEX 35, Italy’s FTSE MIB, and France’s CAC 40 – FTSE 100 and Spain’s IBEX 35 closed at record highs – Closing moves: DAX +0.57%, CAC 40 +1.25%, FTSE 100 +1.15%, IBEX 35 +1.27%, FTSE MIB +1.24% – EUR/USD firmed after holding support near 1.1568 and 1.1593 – Resistance targets to watch: 1.1605 and 1.1633 on EUR/USD
