Solid gains for European shares today

Technical Analysis

Author: Greg Michalowski | german-dax

1% gains the norm today

The major European stock indices are closing with solid gains.  Most of the major indices are over 1% on the day.
  • German DAX, +1.1%
  • France's CAC, +1.1%
  • UK's FTSE, +0.9%
  • Spain's Ibex, +1.1%
  • Italy's FTSE MIB, +1.21%
In the benchmark 10 year note sector, yields are mostly higher (with Italy bucking the trend).  

1% gains the norm today
IN other markets as London/European traders look to exit:
  • Spot gold is down $4.72 or -0.36% at $1309.82. The low price reached $1303.72 but found dip buyers near the key $1300 level.  
  • WTI crude oil futures are down $.84 or -1.6% at $51.87. The price has been moving up and down with a low of $51.23 and a high $52.78
In the forex market, the USD is the strongest, and the GBP has taken over as the weakest. 

The USD is the strongest and the GBP is the weakest as London traders exit.
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