Gains from yesterday don't extend to trading today
The major European stock indices are ending the day in the red:
- German DAX fell -0.6%
- France's CAC fell -0.5%
- UK FTSE fell -0.1%
- Spain Ibex fell -1.17%
- Italy's FTSE MIB fell -1.3%
- Portugal's PSI20 fell -0.3%
In the 10 year note sector yields were mostly higher. Germany bucked the trend with a small decline in yields:
- Germany 0.745%, -1.1 basis point
- France 0.993%, unchanged
- UK 1.614%, up 1.3 basis points
- Italy 2.085%, +4.9 basis points
- Spain 1.526%, up 4.4 basis points
- Portugal 2.14% up 6 basis points
- Greece 4.39%, up 10 basis points
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Savage crash - RIP Cryptocurrencies? Five insights from the ASAC Fund.