German DAX a downside exception

The European shares are closing mostly higher. The exception is the German DAX which is trading down about -0.4%. The provisional closes are showing:

  • German DAX, -0.4%
  • France's CAC, +0.2%
  • UK's FTSE 100, +0.2%
  • Spain's Ibex, +0.2%
  • Italy's FTSE MIB, +0.3%

In the European debt market, the benchmark 10 year yields are mostly lower. The exception is the UK 10 year which is up 1.3 basis points.

German DAX a downside exception_

In the forex, the GBP has taken the lead on the downside. The NZD remains the strongest. The USD - which started the day as the weakest currency - is still lower vs. most of the majors but is now higher vs. the GBP and the JPY

The strongest currency

In other markets:

  • Spot gold is finding buyers today and has move back above the $1900 level. It currently trades at $1910.36, up $24.59 or 1.3%
  • SPot silver is also higher. It is trading up $0.82 or 3.56% at $24.06
  • WTI crude oil futures are sharply lower today. It trades down $2.41 or -6.02% at $37.80. After closing back above its 100 day moving average yesterday (at $39.76 currently). The price has rotated back below the level tilting the bias more to the downside.

In the US stock market the snapshot of the major indices currently shows:

  • S&P index up 18.82 points or 0.56% at 3381.78
  • NASDAQ index up 115 points or 1.04% at 11283.50
  • Dow up 100 points or 0.36% at 27881.12