European shares ending with gains for the trading day.

The major European indices are closing higher on the day. A snapshot of the provisional closes are showing:

• German DAX, +0.7%
• France's CAC, +0.25%
• UK's FTSE 100, +0.4%
• Spain's Ibex, +0.9%
• Italy's FTSE MIB +0.75%

For the trading week, the major indices are down modestly lower with the exception of the UK FTSE 100 :

• German DAX, -0.4%
• France's CAC, -0.75%
• UK's FTSE 100 +0.3%
• Spain's Ibex, -0.75%
• Italy's FTSE MIB, -0.2%

Relatively speaking, the European stock indices are faring better than the US counterparts. While indices like the S&P index and a NASDAQ index are nearer there year lows (the NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index traded to the lowest level since March 2021 this week), the German Dax is 13.3% off of its March lows. France's CAC is 13.5% off of it's lows. The UK FTSE 100 is 11.15% off it's year low and less than 2% from its high from 2022.

The lower EUR EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term is a tailwind for European companies as are the expectations the ECB will keep rates lower longer due to the Ukraine war.