German Dax down -1.3%.
The European major stock indices are ending with sharp losses today:
- German DAX index is down -1.3%
- France's CAC index is down -1.0%
- UK FTSE fell -0.6%
- Spanish ibex is lower by -0.8%
- Italian FTSE MIB is down -0.83%
- Portuguese PSI20 fell -0.12%
The fall in stocks was helped by a sharp rise in yields. In the 10 year sector:
- Germany 0.381%, +5.4 basis points
- France 0.756%, +6 basis points
- UK 1.271%, +4.6 basis points
- Spain 1.536%, +5.1 basis points
- Italy 1.820%, +7.3 basis points
- Portugal 2.051%, +4.4 basis points
A snapshot of other markets as London/European traders look to exit shows:
- Spot gold up $2.70 or 0.2% at $1284
- The WTI crude oil futures up $.43 or 0.76% at $57.24
- U.S. Treasury yields are near unchanged in the shorter end. However tthe 30 year bond is up 2.1 basis points at 2.813%. The treasury will auction off 30-year bonds at 1 PM ET, and traders seem to be pushing the yield up to attract more demand. Two-year 1.645%, unchanged. Five-year 2.016%, up 0.6 basis points. 10 year 2.338%, up 3.7 basis points
- US stocks are all flows but still lower on the day. S&P index down 13.45 points or -0.52% at 2581. NASDAQ composite index -51 points or -0.75% at 6738. Dow industrial average down 125 points or -0.53% at 23438.
In the forex market, the EUR is the strongest currency now. The EUR has been supported by higher rates in the EU. The NZD is the weakest. The pair give up the gains after the RBNZ decision yesterday in the late NY session.
