European equity close: The Mag 7 aren’t in London

News

FTSE 100 weekly

Closing changes on the day:

  • Stoxx 600 flat
  • German DAX +0.2%
  • UK FTSE 100 -0.1%
  • French CAC flat
  • Italy MIB +0.1%
  • Spain IBEX +0.4%

UK stocks finished at the lows of the day. This market likes big tech companies, not banks and grocery stores.

On the week:

  • Stoxx 600 -0.4%
  • German DAX +0.2%
  • UK FTSE 100 -0.3%
  • French CAC -0.6%
  • Italy MIB +1.0%
  • Spain IBEX +1.2%

These numbers certainly aren’t that bad in the context of the nice rallies since October but you can’t help look at the US and get a bit jealous.

As King Richard III said: My horse, my horse, my kingdom for a [UK-based tech giant] horse.

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