Yields mostly lower in 10 year. Gold is down. Oil is lower. Bitcoin unchanged after earlier tumble

No surprise. The European major stock indices are ending with losses. However prices are off low levels:

  • German DAX fell -2.5%.
  • France's CAC fell -2.4%
  • UK's FTSE fell -2.4%
  • Spain's Ibex fell -2.4%
  • Italy's FTSE MIB fell -2.08%
  • Portugal's PSI 20 fell -1.28%

In the 10 year debt market, yields are mostly lower on the flight to safety bid:

  • Germany 0.693%, -4.3 basis points
  • France 0.959%, -3.7 basis points
  • UK 1.5 to 2%, -3.6 basis points
  • Spain 1.430%, -3.0 basis points
  • Italy 1.991%, -3.5 basis points
  • Portugal 2.065%, up 2.1 basis points
  • Greece 3.735%, unchanged

In other markets at the London/European close:

  • Spot gold is down $8.80 or -0.67% at $1330.80
  • WTI crude oil futures are down $.26 or -0.42% at $63.89
  • Bitcoin on Coinbase fell to a low of $5873 but is near unchanged levels currently trading at $7000 down -$78 on the day. On the move lower. The price remains below the 200 day moving average at $7938. The high price today extended to $7442.

US stocks are back lower modestly in volatile trading:

  • The S&P index is down -13.8 points or -0.52% at 2637. The low reach 2593. The high extended to 2682
  • The NASDAQ is down 13 points or -0.18% at 6955.40. The low reach 6824.82. The high extended to 7059.39
  • The Dow is trading down 30 points or -0.13%

In the forex market at the NY midday, the NZD remains the strongest. The CHF remains the weakest. The USD is near unchanged levels vs all major currencies with the exception of the CHF and the NZD. The USD was higher at the start of the NY trading session.