German DAX down 0.5%. Britain's FTSE 100 down 1.09%.

The major European stock indices are all ending the session in the red.

  • German DAX down -0.5%
  • France's CAC down -0.46%
  • UK's FTSE 100 down -1.09%
  • Spain's Ibex down -0.6%
  • Italy's FTSE MIB down -0.81%
  • Portugal's PSI20 down -0.84%

In the 10 year note sector, rates are mixed

  • Germany 0.481%, unchanged
  • France 0.82%, unchanged
  • UK 1.404%, up +4.7 basis points
  • Spain 1.645%, down -1.3 basis points
  • Italy 2.037%, down -2.5 basis points
  • Portugal 2.303%, down -1 basis point
  • Greece 5.578%, up +4.4 basis points

A snapshot of the other markets as Europe and London get ready to exit for the day shows:

  • Spot gold down $.68 or -0.05% at $1276.15
  • WTI crude oil futures down $.35 or -0.67% at $52.12
  • US yields are higher but off the highs for the day. The 10 year yield is at 2.4408%, up 2.2 basis points. The high yield reached 2.4736%. In other maturities, two-year 1.599%, up 1.8 basis points. Five-year 2.0541%, up 1.1 basis points. Thirty-year 2.955%, up 2.2 basis points. The high-yield on the thirty-year extended to 2.9787%, a few basis points short of the psychological 3.0%
  • US stocks are trading lower. S&P index is down 16 points or -0.62% to 2553.11. NASDAQ composite index is down 56 points or -0.86% to 6540.30. The Dow industrial average is down -112 points or -0.48% to 23,325.

A snapshot of the winners and losers in the Forex market shows that the GBP remains the strongest, while the AUD remains the weakest (see chart below). The AUDUSD is reaching fresh session lows and the GBPUSD is back approaching the sessions highs. GBPAUD is racing higher up 343 pip on the day.

The USDCAD is trading at session highs. The BOC kept rates unchanged today but said they would be thinking hard about futures hikes.