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