The European equity markets are closed and the provisional closing levels are pointing to gains on the back of better US China trade relations.
The provisional closes are showing:
German DAX, +1.9%
France's CAC, +1.1%
UK's FTSE, +1.4%
Italy's FTSE MIB, +2.26%
Portugal's PSI 20, +1.52%
In the 10 year benchmark debt sector, yields are mostly higher.
A snapshot of other markets, as London/European traders move closer to the exit for the day:
spot gold is up $11.45 or 0.94% at $1233.96
WTI crude oil futures are up $1.27 or 2.51% at $52.21. That is off the highs at $53.85. The price is dipping back below the 200 hour moving average currently at $52.26. The technical waters turn muddy.
Bitcoin on Coinbase is trading down $339.25 at $3808.07. THe low price just extended to $3741.95. The low from November 25 reach the thousand $456
US stocks are giving up their gains but still remain up on the day:
S&P index is up 14 points or 0.51% at 2774.23. The high reached 2800.18
Nasdaq index is up 73.35 points or 1.0% at 7403.68. The high reach 7486.51.
the Dow industrial average is up 140 points at 25684
In the US debt market, the yield curve continues to flatten. The 2-10 spread flattens to 18 basis points which is the flattest and over a decade.
In the forex market, the NZD is now the strongest while the GBP remains the weakest.