Europe Market Wrap 5 November: Midday, European Shares Rise Broadly as Madrid Leads
Published at 14:05 GMT.
Spain’s IBEX 35 rose 1.60% to lead all nine European indices we track higher by mid-session on Thursday. The Stoxx Europe 600 was up 0.70% in quotes timed at 13:46 GMT, with Zurich’s SMI the laggard at 0.22%.
The Financial Times reported that European investors were betting that the scale of the Republicans’ defeat in the US midterm elections would restrain White House policymaking that has weighed on markets. The Stoxx 600 basic resources index was 2.42% higher at the stamp and the banks index 1.81% higher. Paris’s CAC 40 was second only to Madrid, up 1.22%.
The continent mid-session
| Index | Level | Change |
|---|---|---|
| IBEX 35 (Spain) | 19,680.60 | +1.60% |
| CAC 40 (France) | 8,277.26 | +1.22% |
| DAX (Germany) | 26,666.43 | +0.87% |
| FTSE 100 (UK) | 10,916.45 | +0.81% |
| Euro Stoxx 50 (euro area) | 6,314.78 | +0.78% |
| Stoxx Europe 600 (Europe) | 662.00 | +0.70% |
| FTSE MIB (Italy) | 51,346.79 | +0.62% |
| AEX (Netherlands) | 1,141.56 | +0.46% |
| SMI (Switzerland) | 15,056.23 | +0.22% |
Intraday quotes at 13:46 GMT, Zurich’s at 13:45 GMT, all nine still trading; snapshots, not closes, measured against the prior session’s closes as published and ranked by change.
What to watch: The US Bureau of Labor Statistics releases the October employment report on Friday 6 November at 13:30 GMT.
Levels are from the price feed, measured against the prior session’s closes as published; percentages and counts not attributed to a source are The Edge’s calculations.
How these wraps are prepared: Methodology.
Sources: Financial Times, US Bureau of Labor Statistics, The Edge.
