Major European indices are closing higher on the day. The German DAX closed at a new all-time high at 23551.54. Spain's Ibex closed at its highest level since 2008.

A snapshot of the close levels shows:

  • German DAX +52.21 points or 0.22% at 23551.54.
  • France's CAC, +106.35 points or 1.37% at 7850.11
  • UK's FTSE 100 +50.18 points or 0.59% at 8604.99.
  • Spain's Ibex +101.22 points or 0.75% at 13655.31.
  • Italy's FTSE MIB +551.60 points or 1.40% at 39921.60

Looking at the daily chart of the German DAX, the price is moving away from the swing high going back to March 6 at 23475

German DAX
Source: Forex Live