S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketEuropean stocks closed sharply higher on Friday, recovering from losses earlier in the week amid positive corporate news and an outlook of a favorable macroeconomic backdrop. The Eurozone’s STOXX 50 jumped 1.6% to close at 5,996, while the pan-European STOXX 600 gained 1% to 610. Tech shares closed a volatile week sharply higher, tracking the strong momentum for the sector in the United States with ASML surging close to 7%, while SAP and Infineon added over 2% each. Luxury also performed well despite uncertainty over the outlook for Chinese clients, with Hermes, LVMH, and L’Oreal adding between 6% and 3%, with the latter announcing the acquisition of Kering’s cosmetics business. Outside the currency bloc, Glencore surged 8% after resuming talks with Rio Tinto (-2%) on their potential $260 billion merger.
