The major European indices are ending lower on the day. For the week, the German Dax is near unchanged while the other indices are mostly lower:
On the day:
- German DAX, -2.38%
- France's CAC, -2.0%.
- UK's FTSE 100 -1.3%
- Spain's Ibex -1.96%
- Italy's FTSE MIB -2.0%
For the trading week:
- German DAX, unchanged
- France's CAC, -0.1%
- UK's FTSE 100, -1.1%
- Spain's Ibex -0.66%
- Italy's FTSE MIB -2.3%
In the European debt market, the yields are mostly higher on the day with the exception being the UK 10 year yield. UK retail sales was much weaker than expected:
Benchmark European 10 year yields are mostly higher
For the week, the benchmark 10 year yields in Europe all reached new cycle highs:
- German moved from 0.841% to 0.966% currently. The high yield reached 0.982% this week
- France moved from 1.342% to 1.421% currently. The high yield reached 1.436% this week
- UK moved from 1.904% to 1.971%. The high yield this week reached 2.028% this week
- Italy moved from 2.523% to 2.671%. The high yield reached 2.6849% this week
- Spain moved from 1.793% to 1.932%. The high yield reached 1.959% this week
