Major indices closing higher on the day. German DAX up 1.5%
The major European indices are rebounding from yesterday's sharp declines which is all the German DAX fall -1.77%. Today that index is up 1.5% - nearly fully retracing the declines.
A look at the provisional closes are showing:
- German DAX, +1.5%
- France's CAC, +1.2% (it fell -1.43% yesterday)
- UK's FTSE 100, +0.9% (down -1.19% yesterday)
- Spain's Ibex, +0.2%
- Italy's FTSE MIB, +0.6%
In other markets as European/London traders look to exit,
- Spot gold is trading up $8.29 or 0.44% at $1877.90.
- Spot silver is up at $0.12 or 0.44% at $27.85
- WTI crude oil futures are trading down $0.39 or -0.62% at $62.97
- Bitcoin is rebounding by $3300 or 8.6% at $41,640
In the US debt market, yields are lower, led by a -3.2 basis point decline in the 10 year.
In the European debt market benchmark 10 year yields were also lower with the exception of a small 0.2 basis point gain in Germany.
In the US stock market, the NASDAQ index is up 218 points or 1.64%, and in the process, has moved back above its 100 hour moving average at 13491. That tilts the bias more to the upside once again.
- S&P index up 49.01 points or 1.19% at 4164.80
- Nasdaq up 231.76 points or 1.74% 13531.02
- Dow up 304 points or 0.90% 34199.23
In the forex, the a snapshot of the strongest of the weakest shows the CAD is the strongest while the USD remain the weakest of the major currencies.
