The major European bourses got off to a strong start tracking the Wall Street rally overnight, with the DAX 30, SMI 20, Stoxx 600 and bourses at Hungary and Denmark hitting all time highs. France's CAC 40 and Spain's IBEX 35 hovered around period highs. FTSE 100 and CAC 40 soon corrected from the opening levels, to trade near the flat-line, leaving the DAX 30 to lead the region's stock market rally.
Dollar Index hit a 19 week low of 89.648 and Euro, Pound, Yen, Yuan etc strengthened over yesterday's levels to the greenback as an abrupt end to the bond buying program appeared remote, amidst the continuing Fed narrative of transitory spike in inflation.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.