10 year yields are lower
The major European shares are ending the session mostly higher with German Dax lagging.
The provisional closes are showing:
- German DAX, -0.2%
- France's CAC, +0.1%
- UK's FTSE, +0.9%
- Spain's Ibex, +0.9%
- Italy's FTSE MIB, +0.9%
In the benchmark 10 year note sector yields are lower. German yields are down marginally. Spain, Italy and Portugal are down more as growth, inflation and the prospect for more ECB stimulus sends yields lower.
The EUR is giving up most of it's gains vs the USD and trades are new London/NY session lows. The pair is approaching the Friday close at the 1.3120 level. The pair is trading at 1.13259 and a few pips from a lower trend line at 1.1323. On a move below the trend line and the close will have the pair looking toward the rising 100 hour MA at 1.1313.
