European Markets Are Stable Early on April 13

Val Kensington - Author

Apr. 13 2018, Updated 1:30 p.m. ET

United Kingdom

The United Kingdom’s FTSE 100 Index surged to six-week high price levels on Tuesday. Since then, the index has consolidated at elevated levels. After closing Thursday almost flat, the FTSE 100 Index opened higher on Friday and consolidated near opening prices in the morning session.

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Market sentiment

The market sentiment improved on April 12. Middle East tension cooled off and improved the market’s risk appetite. Despite the US market’s rally and Asian markets’ stable performance, the FTSE 100 Index is consolidating on Friday with limited upward momentum. European markets are looking forward to the release of US banks’ corporate earnings reports. The reports are scheduled to be released in the early hours on Friday. At 5:05 AM EST today, the FTSE 100 Index was trading at 7,254.70—a drop of 0.04%. The iShares MSCI United Kingdom (EWU) gained 0.69% to $36.25 on Thursday.


Germany’s DAX Index gained upward momentum on April 12 amid decreased Middle East tension and surged to four-week high price levels. Carrying forward the strength, the DAX Index opened higher on Friday and traded at one-month high price levels in the morning session. On the economic data front, according to the Federal Statistical Office of Germany, Germany’s consumer price index grew 0.4% in March, which is in line with the market expectations.

At 5:10 AM EST on April 13, the DAX 30 Index was trading at 12,472.76—a gain of 0.47%. The iShares MSCI Germany (EWG) gained 0.74% on Thursday.


France’s CAC 40 Index regained strength on Thursday and surged to 1.5-month high price levels. The improved market sentiment across the US and Europe after President Trump shared his stand on Syria supported the CAC 40 Index. With improved sentiment, the CAC 40 Index opened higher on Friday and traded at elevated levels in the morning session.

At 5:25 AM EST on Friday, the CAC 40 Index was trading at 5,322.22—a gain of 0.24%. The iShares MSCI France (EWQ) gained 0.47% on April 12.

Next, we’ll discuss how the US Dollar Index and Treasury yields performed in the early hours on Friday.


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