A look around the markets as London/Europe exit for the day
As London/Europe look to exit for the day, the major stock indices are ending with gains:
- German DAX rose 0.54%
- France's CAC rose 0.98%
- UK's FTSE rose 0.45%
- Spain's Ibex rose 0.32%
- Italy's FTSE MIB rose 0.52%
- Portugal's PSI 20 rose 0.71%
In the benchmark 10 year debt market, yields are ending mostly lower (with Italy yields down 0.8 bps).
In the US stock market, the major indices did get a boost from the US/China headlines but the moves higher was met with sellers again. The Dow is still up but the Nasdaq and the S&P indices are lower.
- Dow is up 61 points or 0.23% at 26030
- S&P is down -3.7 points or -0.13% at 2883.50.
- Nasdaq is down -53.4 points or -0.67% at 7919.16
The US debt marketis showing lower yields with a flatter yield curves (2-10 is at 22.14 bps down -1.0 bps today).
In the forex market, the snapshot of the major currencies are now showing the AUD is the strongest. The GBP is the weakest. The USD has moved more to the downside in the NY session as the flows head into the risk currencies like the AUD, CAD and NZD.
At the start of the NY session the ranges for all the majors with the exception of the GBPUSD were below 37 pips (low to high range). Below are the ranges now. They are more respectable.
