European major indices ended the session higher.

Author: Greg Michalowski | Category: News

German DAX up 1.1%. France's CAC up 1%

The major European stock indices are ending the session with gains:
  • Germany's DAX is up 1.1%
  • Francis CAC is up 1%
  • UK's FTSE 100 is up 0.2%
  • Spain's Ibex is up 0.9%
  • Italy's footsie MIB is up 1.1%
  • Portugal's PSI 20 is unchanged
For the 1st week of the year there are some impressive gains:
  • Germany of 3.11%
  • France up 2.98%
  • UK up 0.47%
  • Spain up 3.66%
  • Italy up 4.16%
  • Portugal up 4.22%
In the 10 year note sector, yields are mixed
  • Germany 0.44%, up 0.6 basis points
  • France 0.797%, up 1.0 basis point
  • UK 1.243%, up 1.0 basis points
  • Spain 1.521%, -2.3 basis points
  • Italy 2.004%, -1.0 basis points
  • Portugal 1.939%, up 2.0 basis points
  • Greece 3.766%, -8.9 basis points
In other markets as European traders look to exit for the day:
  • Spot gold is trading down $1.52 or -0.11% at $1321.50
  • WTI crude oil futures are trading down $.71 or -1.13% at $61.32
  • US stocks are continuing their run higher in 2018 and are trading at record levels.  S&P index is up 9.5 points or 0.35% at 2733.45.  NASDAQ is up 42.42 points or 0.60% at 7120.38.  Dow industrial average is up 87 points or 0.35% at 25,163
  • US yields are higher.  2-year is up 0.8 basis points at 1.9558%.  5-year is up 1.0 basis points at 2.2768%.  10 year is up 1.8 basis points at 2.4708%. 30 year is up 2.2 basis points at 2.8089%
In the foreign exchange market, the CAD is lapping the field as the strongest currency.  The employment report out of Canada showed a second consecutive month of job gains at 79K. The expectations are now that the Bank of Canada will raise rates at the January 17 meeting.

The JPY is the weakest with the CADJPY leading the way (-1.10%)


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