European shares close mostly higher (but modestly higher) for the 2nd consecutive day

Technical Analysis

Author: Greg Michalowski | german-dax

UK's FTSE 100 rise 0.8% 

The major European indices are closing mostly higher higher for the 2nd consecutive day.  The UK FTSE 100 led the charge with a 0.8%. The Italy's FTSE MIB did close modestly lower at -0.2%.

The provisional closes are showing:
  • German DAX, +0.4%
  • France's CAC, +0.3%
  • UK's FTSE 100, +0.8%
  • Spain's Ibex, unchanged
  • Italy's FTSE MIB, -0.2% 
A look at other markets as London/European traders look to exit shows
  • Spot gold up $1 or 0.05% at $1846.45.
  • Spot silver up $0.32 or 1.3% $25.55
  • WTI crude oil futures unchanged at $52.91
  • Bitcoin on Coinbase is trading up $2350 and $39,637. The high price reached just above the $40,000 level at $40,094.80. The low price reached $36,765.23
In the US stock market, the major indices are higher but off there high levels for the day:
  • S&P index up 5.9 points or 0.16% at 3815.80
  • NASDAQ index up 54.7 points or 0.42% at 13183.70
  • Dow industrial average up 115 points or 0.37% at 31174.05
In the US debt market, yields are trading mixed with the short end lower and the long end up marginally:
  • 2 year 0.141%, -0.2 basis points
  • 5 year 0.462%, -0.6 basis points
  • 10 year 1.09%, +0.6 basis points
  • 30 year 1.83%, +1.4 basis points
The the forex, the USD started mixed but marginally lower at the start of the North American session.  At the beginning of a stock trading, the dollar had rebounded to marginally higher. Since then, the greenback has moved back lower and is now lower vs. all the major currencies with the exception of the EUR (up 0.08%). The dollar is also little changed vs. the CHF as London traders look to exit. The AUD remains the strongest of the major currencies.  

UK's FTSE 100 rise 0.8% 
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