Spain's Ibex is the exception as they sort through the political uncertainty

The major European stock indices are ending the day higher. They got a boost from the Trump administration saying tariffs on European auto imports would be delayed 6 months.

The provisional closes are showing:

  • German DAX, +0.75%
  • France's CAC, +0.58%
  • UK's FTSE 100, +0.65%
  • Spain's Ibex, -0.8%
  • Italy's FTSE MIB, +1.24%
  • Portugal's PSI 20, +0.18%

In the European debt market, the benchmark 10 year yields are ending the session mixed. Italy yields fell -5 basis points, German France and UK yields were near unchanged. Spain and Portugal yields are modestly higher. The benchmark 10 year yield remains above the 0.0% level after extending to a high of 0.069% (trading at 0.053% currently.

European yields are mixed

In other markets as London/European traders look to exit, the snapshot is showing:

  • Spot gold is down $-3.75 or -0.26% at $1452
  • WTI crude oil futures are up $0.18 or 0.32% at $57.04

In the US stock market, new all time highs were made in the S&P and NASDAQ indices in morning training. The snapshot is currently showing:

  • S&P index up 12.13 points or 0.39% at 3099.11. The high price reached 3102.61. The low extended to 3088.81
  • NASDAQ index is up 44.12 points or 0.52% at 8508.35. The high price reached 80 514.84. The low extended to 8469.578
  • The Dow is up 44.50 points or 0.17% at 27735. The hi reached 27770. The low extended to 27672.65

In the US debt market, yields are lower, but only marginally. The yield curve is measured by the 2 – 10 year spread is staying steady around 26.7 basis points.

The US yields are down marginally

In the Forex market, the CAD has taken over as the strongest of the major currencies (although the pairs are relatively clustered together in trading today) from the USD. The NZD remains the weakest (it is not really being tested today).

The CAD is the strongest and the NZD is the weakest of the major currencies