Up is better than nothing...

The European stocks are ending the session with gains, but they still lag the US on the day at least.

  • German DAX rose 1.1%
  • France's CAC rose 0.9%
  • UK's FTSE rose 0.9%
  • Spain's Ibex was the weakest of the gainers. It rose only 0.2%
  • Italy's FTSE MIB rose 0.5%
  • Portugal's PSI 20 rose 0.5%

In the tenure debt sector rates were higher:

  • Germany 0.518%, +1.3 basis points
  • France 0.758%, +2.0 basis points
  • UK 1.412%, +0.5 basis points
  • Spain 1.265%, +2.7 basis points
  • Italy 1.80%, +2.8 basis points
  • Portugal 1.735%, +4.0 basis points

In other markets as London/European traders look toward the exits:

  • Spot gold is up $.71 or 0.06% at $1337.22
  • WTI crude oil futures are up $1.82 or 2.85% at $65.23

US stocks are running higher:

  • S&P index is up 39 points or 1.49% at 2651.80
  • NASDAQ indexes of the hundred and 6 points or 1.52% at 7055
  • Dow is up 389 points or 1.62% at 24364

In the forex market, the AUD and the NZD remain the leaders to the upside and extended their runs in the US morning session, The JPY remains the weakest and it too has extended its declines. The USD snapshot is still lower but the greenback has seen some modest gains with more declines vs. the commodity currencies (CAD, AUD and NZD), but gains vs the other currencies (EUR, GBP, JPY, CHF).