The overall market mood remains more pensive with investors keeping a close watch on the US jobs report later and potential court ruling on Trump’s tariffs. However, the mood in Europe this week has largely been more positive – not least being shielded from the tech slump yesterday as well.
European stocks are pushing slight gains at the balance to start the day now, with France’s benchmark index leading the charge. The CAC 40 is up 0.6% and is closing in on fresh record highs. All else being equal, this would mark the best weekly finish for the index on record.
This follows up on Germany’s own benchmark index with the DAX already cruising to fresh record highs with over 2% gains on the week. It may be trading more flat to start the session but it doesn’t take away what has been a good week for European investors. Besides that, Spain’s IBEX is also up over 1% on the week and settling at its own record highs.
So overall, it has been a stellar week for the most part for European indices to say the least.
Now, it’s all about sticking that landing as we will have to navigate through some big events before the week is over and done with.
US futures are already feeling more pensive, keeping flattish on the day. That as we saw a rotation out of tech with the Nasdaq having fallen by 0.4% yesterday with the Dow gaining by 0.5% instead. AI valuation concerns continue to keep things in check but today, it’s all about how investors will take to the US jobs report and the potential Supreme Court ruling on Trump’s tariffs.
So, buckle up. It’s going to be a fun ride as we get to the weekend.
This article was written by Justin Low at investinglive.com.