Get the boost from the late US rally yesterday and today's run higher.

The European stock indices had some catch up after the US late day rally yesterday. The follow through buying in the US stocks today are also helping. The major indices are closing near high levels for the day and with solid gains.

  • German DAX rose 3.0%
  • France's CAC rose 2.6%
  • UK's FTSE rose 2.3%
  • Spain's Ibex rose 2.4%
  • Italy's FTSE MIB rose 2.4%
  • Portugal's PSI 20 rose 1.9%

In the tenure jet sector yields are higher:

  • Germany 0.525%, +2.5 basis points
  • France 0.756%, +3.3 basis points
  • UK 1.42%, +5.2 basis points
  • Spain 1.23%, +6.0 basis points
  • Italy 1.78%, +4.2 basis points
  • Portugal 1.67%, +4.3 basis points

In other markets as London/European traders look to exit, a snapshot shows:

  • Spot gold down $9 or -0.68% at $1324. The dollars rise is helping to pressure gold prices today
  • WTI crude oil futures are trading near unchanged levels at $63.45. The price has been coming back off earlier NY morning session gains.
  • Bitcoin is trading down $94 at $6738. The range is fairly narrow with a high at $6933 and low at $6560

The US stocks are trading near the highs for the day:

  • The S&P is up 0.93% at 2669.39. The 100 day MA is at 2694.82
  • The Nasdaq is up 67 points or 0.94% at 7109
  • The Dow is up 314 points or 1.29% at 24579.

In the US debt market, yields are higher:

  • 2 year 2.306%, +1.4 bp
  • 5 year 2.64%, +2.2 basis points
  • 10 year 2.83%, +2.7 basis points
  • 30 year 3.07%, +3.5 basis points

In the forex market, the USD remains the strongest (and getting stronger). The GBP is the weakest.

The USD is trading near high levels for the day vs. the major currency pairs.