European indices end the day with impressive gains
10 year yields are unchanged to lower. GBP is the strongest. The USD is the weakest.
The European major stock indices are ending with impressive gains:
- Germany's DAX is higher by 1.6%
- France's CAC is up by 1.4%
- UK's FTSE rose 0.6%
- Portugal's PSI 20 is up by 0.76%
- Italy's FTSE MIB rose by 1.34%
- Spain's Ibex is up by 1%
In the European debt market, 10 year yields are unchanged to lower:
- Germany 0.307%, unchanged
- France 0.69%, unchanged
- UK 1.148%, unchanged
- Spain 1.434%, -2.5 basis points
- Italy 1.8%, -1.2 basis points
- Portugal 1.779%, -6.1 basis points
In other markets:
- Spot gold is trading up eight dollars or 0.64% and $1263.40
- WTI crude oil futures are trading up $.15 at $57.45
- US stocks are trading higher: S&P is up 0.63%. The NASDAQ is up 0.84%. The Dow industrial average is up 0.74%. All three are at record levels
- US yields are mixed with the yield curve getting steeper today (which is a change). Two-year 1.8257%, -1.0 basis point. Five-year 2.1538%, unchanged. 10 year 2.3673%, up 1.4 basis points. 30 year 2.7147%, up 2.7 basis points
- Toronto's TSX index is also up 0.94% and trades at an all time record.
Near the London close, the snapshot of the forex market shows, the USD is the weakest currency now, while the GBP is the strongest.