European indices close mostly higher

Technical Analysis

Author: Greg Michalowski | german-dax

UK FTSE 100 down marginally

The major European indices are closing mostly higher exception is the UK's FTSE 100 which is closing marginally lower after the the more hawkish BOE statement.

  • German DAX, +0.9%
  • France's CAC, +1.0%
  • UK's FTSE 100, -0.1%
  • Spain's Ibex, +0.7%
  • Italy's FTSE MIB, +1.3%
in other markets as European/London traders look to exit shows:
  • Spot gold $-17.61 or -1.0% at $1750.56.
  • Spot silver is unchanged at $22.66
  • WTI crude oil futures are trading up $1.21 or 1.69% at $73.45
  • Bitcoin is trading up $272 and $43,852
in the US stock market, the major indices are higher with the Dow industrial average leading the way:
  • Dow, +520 points or 1.52% at 34776
  • S&P index up 54.12 points or 1.23% 4449.70
  • NASDAQ index up 126 points or 0.85% 15023.10
In the US debt market, yields are sharply higher with the 10 year now up 6.7 basis point and the 30 year up 6.9 basis points:

UK FTSE 100 down marginally_
In the forex market, despite the higher yields the USD is mostly lower as risk on flows are pushing funds out of the relative safety of the JPY, USD and CHF.  There has also been some technical breaks and covering after the FOMC more or less signaled the plan for the taper yesterday.

The forex snapshot
Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose