Friday's big gains stall a bit on Monday
The European major stock indices had mixed results in trading today. The EURUSD corrected a little and what we have been learning from the price action, it is a lower EUR that tends to get the stock buyers happy. Friday was such a day. Today....not so much.
There were winners and losers today:
- German Dax fell -0.4%
- France CAC was flat
- UK FTSE rose +0.3%
- Spain's Ibex was up 0.1%
- Italy's FTSE MIB was up 0.4%
- Portugal's PSI20 was up 0.4%
In the European debt market, the 10 year yields are lower today:
- German 0.457%, down -1 bp
- France 0.73%%, down -1.2 bp
- UK 1.139%, down -3.7 bp
- Spain 1.454%, down -3 bp
- Italy 1.99%, down -3.2 bp
- Portugal 2.856%, down -1.2 bp
- Greece 5.455%, down -1 bp