S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
European stocks closed higher on Friday, trimming loses from the week with support from heavyweight banks and luxury brands. The Euro STOXX 50 rose 0.6% to 6,458 and the STOXX Europe 600 gained 0.5% to 653. Santander surged 2.7%, while BNP Paribas, Deutsche Bank, BBVA, and Nordea rose more than 1% to limit losses on the week as the US Treasury signal that it would intervene in bond market weakness on Wednesday raised volatility for benchmark credit costs. In turn, Italian lenders underperformed amid a wave of M&A possibilities in the sector, with UniCredit closing 0.3% higher while Intesa Sanpaolo fell 0.7%. Banca MPS simultaneously launched bids on Banco BMP and Banca Generali, jointly worth €34 billion, as it fends off Intesa’s takeover bid. Meanwhile, LVMH, Adidas, Hermes, and Ferrari jumped between 2.3% and 1.5% for a positive session for luxury brands. The Euro STOXX 50 lost 1.3% and the STOXX Europe 600 fell 0.6% on the week.
