In yesterday’s report here we highlighted that the main US equity indices have produced aggressive rallies back higher this week, with both the Nasdaq 100 and S&P 500 hitting new highs for 2019.
This has been driven by solid US macroeconomic data and an easing of global growth concerns, as the UK has moved away from a No Deal Brexit scenario with the recent votes in the UK Parliament.
Over the past 24 hours, other European stock indices have played a technical catch up, with some of the major European stock averages also now achieving new highs for 2019.
Here we focus on the broad European benchmark average, the EURO STOXX 50 and the UK yardstick, the FTSE 100.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/european-averages-join-us-indices-with-bullish-extensions/