Major indices higher and so are 10 year yields
The major European indices are ending the day higher. The provisional closes are showing
- German DAX, +0.3%
- France's CAC, +0.6%
- UK's FTSE 100, +0.3%
- Spain's Ibex, +0.6%
- Italy's FTSE MIB, unchanged
in the European debt market, the benchmark 10 year yields are all higher, but off their highs for the day:
Looking at the daily chart of the German 10 year yields, the high yield today did move to the highest level since March 2020
In other markets as wanted/European traders look to exit:
- Spot gold is trading down $1.59 or -0.8% $1775.20
- WTI crude oil futures are trading up $1.42 or 2.26% at $64.35. The high price reached $64.53. The low price extended to $62.67
- Bitcoin is trading down $-745 or -1.34% of $54,454
in the US stock market, the NASDAQ and Dow industrial average or lower while the S&P holds onto a small gain ahead of the FOMC decision and Apple/Facebook earnings after the close,
- S&P index up 1 point or -0.03% at 4188
- NASDAQ index down 29 points or -0.21% at 14061.12
- Dow industrial average -120 points or -0.35% at 33865
In the forex, the US dollar has moved lower in the New York session. At the start of the session the dollar was tilted to the upside. IT is now lower verse all the major currencies with the exception of the JPY (it is near unchanged versus the EUR, GBP, and AUD).
