European stocks are a reminder that this isn't a broad global rally, it's an AI-driven rally with a few magacap tech and chip names in the US driving it.

Closing changes on the day:

  • Stoxx 600 -0.1%
  • German DAX -0.3%
  • UK FTSE 100 -0.3%
  • French CAC -0.2%
  • Italy MIB +0.3%
  • Spain IBEX -0.1%

On the week:

  • Stoxx 600 flat
  • German DAX flat
  • UK FTSE 100 -0.5%
  • French CAC +0.8%
  • Italy MIB +1.4%
  • Spain IBEX -1.6%

This is two weeks in a row of indecision after breaking out to new highs.

Weekly STOXX 600
Weekly STOXX 600