A good day for European indices

Technical Analysis

Author: Greg Michalowski | german-dax

Indices move higher with German Dax up 1.7%

The major European indices are ending the day higher. It is a good day for investors.

The provisional closes are showing:
  • German DAX, +1.7%
  • France's CAC, +1.3%
  • Britain's FTSE, +0.8%
  • Spain's Ibex, +0.6%
  • Italy's FTSE MIB, +1.3%
The benchmark 10 year yields are trading mostly lower, with the riskier countries ( Spain, Italy, Portugal) moving the most.

Indices move higher with German Dax up 1.7%In other markets as London/European traders look to exit:
  • spot gold, $-11.80 or -0.91% at $1285
  • WTI crude oil futures are up $1.28 or 2.06% $63.30
 US stocks continue their surge higher and  are trading near highs for the day
  • S&P index +37.5 points or 1.32% at 2888.57
  • NASDAQ index +112 points or 1.43% at 7934
  • Dow Jones up 279 points or 1.08% at 25926
US yields are higher today with a flatter yield curve:

US yields are higher today today with a flatter yield curve
A snaphot of the currency market is showing the USD is the strongest of the major currencies followed by the CAD. The GBP is the weakest.

the US dollar is the strongest currency while the GBP is the weakest
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