European stocks finish strong but it was a poor quarter

European stocks finish strong but it was a poor quarter

Closing changes for the main European bourses:

  • German DAX +1.5%
  • UK FTSE 100 +0.4%
  • French CAC +0.9%
  • Spain IBEX +0.9%
  • Italy MIB +0.8%

Here were the moves in the first quarter:

  • German DAX -6.2%
  • UK FTSE 100 -7.7%
  • French CAC -2.4%
  • Spain IBEX -4.1%
  • Italy MIB +3.0%

The euro rose about 2.5% in the quarter so that mitigates the moves for foreign investors.

The outperformance in Italy was partly about the election. It’s outperformed other European markets since the vote.

Note that European markets are closed on Friday and Monday.

They won’t be celebrating this summer

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