European indices close higher. German Dax shares rise despite lower ZEW confidence ...Middle East

However, the assessment of current conditions showed modest improvement, with the index rising to -81.2 from -87.6 in the previous month, slightly better than the forecast of -86.8.

A look at the closing levels:

German Dax +1.43%France's CAC +0.86%UKs FTSE 100 +1.41%Spain's Ibex + 2.14%Italys FTSE MIB +2.39%

For each of the major indices they moved above and closed above their 100 hour MAs.

German Dax closed at 21253.71 above the 100-hour MA at 20947.96France's CAC closed at 7138.41 above the 100-hour MA at 7318.99UK FTSE 100 closed at 8349.11 above the 100- hour MA at 8137.74Spain's Ibex closed at 12879.30 above the 100-hour MA at 12543Italy's FTSE MIB closed at 35843.81 above the 100 hour MA at 35247.62 This article was written by Greg Michalowski at www.forexlive.com.

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