Oil higher. Gold down -$2.00. NZD remains the strongest currency of the day. The GBP remains the weakest.
The European stocks are ending mostly lower and 10 year yields are mixed:
- Germany Dax is down -0.3%
- France's CAC is down -0.2%
- UK FTSE is up 0.7%
- Spain's Ibex is down -0.4%
- Italy's FTSE MIB is down -0.36%
- Portugal's PSI20 is up 0.09%
In the 10 year debt sector:
- Germany 0.292%, down -1.5 bp
- France 0.621%, down -1.2 basis points
- UK 1.206%, down -7.3 basis points
- Spain 1.412%, up 1 basis point
- Italy .653%, unchanged
- Portugal 1.797%, minus one basis point
- Greece 4.512%, unchanged
In other markets today:
- Spot gold is trading at $1246, $-2.40 or -0.19%
- WTI crude oil futures are trading up $.40 or 0.7% at $57.76. Brent crude is up $1.01 or 1.61% on a pipeline disruption. It trades up at $64.43
- US major stock indices are trading higher. S&P index is up 4.2 points or +0.16% at 2655.68. NASDAQ is up 20.34 points or 0.3% at 6859.94. The Dow industrial average is up 24 points or 0.10% at 24353.
- US yields are mixed. Two-year yield is currently up 1.2 basis points while the 10 year yield is down -1 basis point. So there is a flattening of the yield curve. The US will auction off 10 year notes at 1 PM today/1800 GMT
- Bitcoin is trading at $16407 up 4.89%.
IN the forex markets, the NZD remains the strongest currency, while the GBP remains the weakest. The USD is more skewed to the downside. The one piece of economic data today (JOLTS job openings) was weaker than expectations. Nevertheless, most of the declines are vs the NZD (-1.02%). The dollar is lower vs the CHF by -0.25% and the AUD by -0.4%.
