Higher closes for the major European indices today

The major European indices are closing higher on the day. The German Dax, France's CAC, Spain's Ibex and Italy's FTSE MIB are all up about 2% (or higher) on the day.

The provisional closes are showing:

• German Dax, up 2.1%
• France's CAC, up 2.5%
• UKs FTSE 100, up 1.4%
• Spain's Ibex, up 2.1%
• Italy's FTSE MIB, up 2.8%

Looking at the hourly chart of the German Dax, the low this week stalled near the 61.8% of the move up from the April 7 low. That level comes in at 13388.

The run higher today is approaching the indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term 100 hour MA at 13857.78. The 200 hour MA is at 14012.73. Those levels will be eyed going forward. A move above each will give buyers additional technical confidence.

Conversely stalling against the level would keep the sellers more in control.