European Stocks Extend Winning Streak to Five Days; Stoxx 600 Closes at 660
European stocks rose for a fifth consecutive session, with the pan-European Stoxx 600 index closing at 660 points, up 0.31%. The index hit an intraday high of 663 points, a 0.79% gain. On the week, the Stoxx 600 gained 1.7%, while the technology sub-index climbed more than 6%. Germany's DAX, France's CAC 40, and Italy's FTSE MIB all closed at record highs. June jobs data was revised down to 20,000, indicating a weaker labor market than previously estimated.
European stock indices advanced for a fifth consecutive trading session. The pan-European Stoxx 600 closed at 660 points, up 0.31%, after reaching an intraday high of 663 points, a gain of 0.79%. The index has risen 1.7% this week, while the technology index climbed more than 6% over the same period. Germany's DAX closed at 26,319 points, up 0.69%; France's CAC 40 ended at 8,714 points, up 0.17%; Italy's FTSE MIB finished at 53,717 points, up 0.06%. The UK's FTSE 100 closed at 10,901 points, up 0.31%, while Spain's IBEX 35 slipped 0.02% to 20,176 points. German, French, and Italian markets all closed at record highs.
Separately, June new jobs data was revised down to 20,000, indicating that the labor market is weaker than previously estimated.