Juncker and Trump, ECB risk events ahead

The major stock indices in Europe are ending the session lower. Fear of tariff wars loom. EU Juncker meets with Trump and the fear is he will not be able to do enough.

  • German Dax fell -1.0%
  • France's CAC fell -0.25%
  • UK's FTSE fell -0.65%
  • Spain's Ibex fell -0.83%
  • Italy's FTSE MIB fell -1.43%

Yields on 10 year notes are also lower today.

In other markets as London/Europe look for the exits shows:

  • Spot gold up[ $4 at $1228.51
  • WTI crude oil up $0.61 at $69.11
  • S&P futures are up 4.15 points or 0.15%
  • Nasdaq is up 29 points or +0.37%
  • Dow is down -55 points or -0.22%

The US rates are flattening the yield curve today with the 2 year up 2 bps while the 10 year is down -1.7 bps.