European stocks end the session mixed. 10 year yields lower.

Technical Analysis

Author: Greg Michalowski | german-dax

A snapshot of the markets as London/European traders day comes into the close

The European major stock indices are ending the session with mixed results. A summary is showing:

  • German DAX up 0.23%
  • France's CAC down -0.02%
  • UK's FTSE down -0.28%
  • Spain's Ibex up 0.43%
  • Italy's FTSE MIB down -0.21%
  • Portugal's PSI 20 down -0.19%
In the 10 year debt sector, yields are lower:
  • Germany 0.563%, down -2.5 basis points
  • France 0.836%, down -2.5 basis points
  • UK 1.303%, down -2.0 basis points
  • Spain 1.502%, down -2.9 basis points
  • Italy 1.969%, down -3.3 basis points
  • Portugal 1.792%, down -0.7 basis points
In other related markets:
  • Spot gold down $5.92 or -0.44% at $1334.13.  The high price today reached $1342.39 while the low extended to 1331.90 cents
  • The price of WTI crude oil futures is down by $.43 or -0.67% at $63.87.  The high price extended to $64.89 while the low is near current levels at $63.74.
  • The price of bitcoin on the Bitstamp exchange is trading at $12,046.85, down $1917. The low price extended to $11,191.59. The high for the day was way up near $14,000.  concerns about China and South Korean regulation is weighing on the crypto currency (see technical post here)
In the US stock market, the major indices started the shortened week on fire, but have given back some of those gains:
  • The S&P index this rating of 8.71 points or 0.31% at 2794.91. The high extended to 2807.54. The low reach 2790.52.
  • The NASDAQ composite index is trading up 29 points or 0.40% at 7289.66. The high reach 7330.33 while the low extended to 7283.19
  • the Dow industrial average as trading up hundred and 40 points or 0.54% at 25941.19
In the US debt market, yields are trading near unchanged levels
  • 2 year 2.014%, up 1.6 basis points
  • 5 year 2.353%, up 0.6 basis points
  • 10 year 2.546%, unchanged
  • 30 year 2.842%, -0.7 basis points
A snapshot of the foreign exchange market shows that the Canadian dollar is the strongest currency while the New Zealand dollar is the weakest.  The US dollar is mostly higher with gains against all the major currencies with the exception of the CAD. The USD is unchanged vs the CHF currently.