France's CAC up 2.27%. German Dax up 1.57%

The major European stock indices are ending with solid gains. The provisional closes are showing:

  • German DAX, +1.57%
  • France's CAC, +2.27%
  • UK's FTSE, +1.84%
  • Spain's Ibex, +1.58%
  • Italy's FTSE MIB, +1.91%

IN the benchmark 10 year notes sector, yields are mixed with Italian yields moving down sharply (-12.3 bps) on hopes of a budget deal with the EU.

In other markets as London/European traders exit (and ahead of the no-confidence vote)

  • spot gold, +$2.50 or 0.21% at 1245.80
  • WTI crude oil futures are up the $.68 or 1.34% at $2.33

In the US, stocks are also up nicely today:

  • The S&P indexes up 39 points or 1.5% at 2676
  • The NASDAQ is up 147 points or 2.08% at 7178
  • The Dow industrial average is up 334 points or 1.38% at 24705

The US yields are higher, with the 10 year leading the way up 2.2 basis points.

IN the forex market in the NY morning, the USD has weakened but remains ahead of the NZD as the weakest currency of the day. The GBP is the run away strongest of the majors as the short are squeezed ahead of the no-confidence vote.