Winners and losers today. JPY is the strongest currency and the USD is the weakest as London traders exit. Gold up.
The European major stock indices are ending the day with mixed results:
- German Dax rose 0.7%
- France's Cac rose 0.4%
- UK FTSE rose 0.6%
- Spain's Ibex fell -0.1%
- Italy's FTSE MIB fell -0.4%
- Portugal's PSI20 fell 1.1%
In the European 10 year debt market, yields were lower.
- Germany 0.303%, down -4.4 bp
- France 0.613%, down -5 bp
- UK 0.949%, down -3.6 bp
- Spain 1.494%, down -7.3 bp
- Italy 1.922%, down -10.6 bp
- Portugal 2.751%, down -10 bp
- Greece 5.474%, unchanged.
As London/European traders look to exit for the day, the JPY is the strongest currency, while the USD is the weakest.
In other markets:
- Spot gold is up $12.63 or +0.95% to $1346.92. The lower dollar is keeping the precious metal supported.
- WTI crude is down marginally -$0.07 to $49.11. Irma seems like it will attack Florida and stay away from the Gulf of Mexico.
- US stocks are mixed. The S&P is down -1.82 points or -0.08% while the Nasdaq is up 9.5 points or +0.15%.
- US yields are lower. The 10 year traded at the lowest level since November 2016 at 2.318%. It currently trades at 2.0422%, down -6.4 bps. The 2 year is down -3.8 bps to 1.264%. The 30 year yield is at 2.6617%, down -6 bps
