A snapshot of the markets at the end of the London/European day/week.
The European major indices are ending the day lower. The German Dax was a laggard again. Deutsche Bank announce worse than expected earnings. Its stock in the US is trading down -7.56% today.
As far as the major indices:
- German Dax fell -1.7%
- France's CAC fell -1.6%
- Spain's Ibex fell -1.4%
- UK's FTSE fell -0.6%
- Italy's FTSE MIB fell -1.44%
- Portugal's PSI 20 fell -1.53%
For the week,
- German Dax fell -4.2%
- France's CAC fell -2.9%
- UK FTSE fell -2.8%
- Spain's Ibex fell -3.5%
- Italy's FTSE MIB fell -2.7%
IN the 10 year debt market today:
- Germany 0.761%, up 4.1 basis points
- France 1.01%, up 3.4 basis points
- UK 1.571%, 4 basis points
- Spain 1.467%, up 5.8 basis points
- Italy 2.042%, up 7.8 basis points
- Portugal 2.017% up to 6.9 basis points
- Greece 3.674%, down -3.2 basis points
In other markets near the London/European close:
- Spot gold tumbled $18 or -1.34% at $1330.50 on the back of the stronger dollar
- WTI crude oil futures are down $1.11 or -1.69% at $64.69
- Bitcoin's trading around $9000 after reaching a low near $7500 on the Coinbase exchange.
The US stocks are lower by about 1% on the back of higher yields/rates:
- S&P index string them 31 points or -1.09% at 2791
- NASDAQ index is down 73 points or -0.99% at 7313
- Dow industrial average is down -336 points or -1.28% at 25851
US yields continue their move higher on the back of the stronger jobs report today
- 2-year 2.149%, -1.0 basis points
- 5-year 2.597%, up 2.5 basis points
- 10 year 2.839%, up 5 basis points
- 30 year 3.082%, up 6 basis points
The action is all in the USD. The greenback is the big gainer after the stronger jobs report today. The AUD remains the weakest. It was the weakest at the start of the NY session.
