European shares end the day higher. UK FTSE leads the move

Technical Analysis

Author: Greg Michalowski | german-dax

The UK FTSE rise by 1.1%

The major European indices are ending the day higher. The gains today are led by the UK FTSE 100 despite the higher GBP.

The provisional closes are showing

  • German DAX, +0.4%
  • France's CAC, +0.8%
  • UK's FTSE 100, +1.1%
  • Spain's Ibex, +0.3%
  • Italy's FTSE MIB, +0.8% 
In the European debt market, the benchmark 10 year yields are all trading to the upside.  The UK 10 year is leading the way with a 5.2 basis point gain.

The _UK FTSE rise by 1.1%
In the forex market in the NY morning, the USD has extended its move to the downside. It has widened its lead as the weakest of the major currencies. The AUD and the CHF are the strongest of the majors.

The strongest and weakest of the major currencies.
In other markets as London/European traders look to exit shows:
  • spot gold is higher by $25.75 or 1.28% at 2044.68
  • spot silver is up $0.76 or 2.93% at $26.75
  • WTI crude oil futures are trading at $43.08 up $1.39 or 3.33%. The inventory data showed a drawdown of -7.373M barrels. Although that was a bigger draw than the -3.35M estimate it was not as large as the private API data released at the close yesterday.
In the US stock market, the major indices are higher with the Dow leading the charge on the back of Disney's surge. The NASDAQ index is still at a new record high but off its highest levels for the day:

  • S&P index up 19.06 points or 0.58% at 3325.61. The high price reached 3330.70
  • NASDAQ index up 28.77 points or 0.26% at 10970. It's high price reached 10994.60
  • Dow is up 330 points or 1.23% at 27157.  It's high price reached 27189.45
For bank trade ideas, check out eFX Plus 
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose