European indices close higher on the day and near highs for the day

The major European stock indices closed near high levels and up solidly on the day.

The Spain's Ibex traded to the highest level since February 10 and move within a few points of the high for 2022 in the process.

The closing levels are showing:

• German DAX, +1.59% at 14231
• France's CAC +1.78% at 6410.50
• UK's FTSE 100 +0.56% at 7564.92
• Spain's Ibex +1.47% at 8888.81
• Italy's FTSE MIB +1.22% at 24546

Looking at the hourly chart of the Spain's Ibex, the price moved into a topside swing area ceiling between 8863.1 and 8912.20. A move above the upper extreme would take the price to the highest level in 2022 (and the highest level since November 19, 2021).

A look at around other markets as London traders look to exit shows:

• spot gold is down $5.56 or -0.32% at $1846.90
• spot silver is down $0.02 or -0.04% at $21.94
• WTI crude oil is soaring and up $4.17 at $114.51
• bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Read this Term has bounced off its lows near $28,000 and trades back at $29,430. The price early the day cracked below a floor near the $28600 level and the 50% retracement of the move up from the May 12 low at $28,406. However after basic nearly $28,000 level, the price snapped back higher and now looks toward the 200 hour moving average at $29,595 and the 100 hour moving average at $29,673. Move above those levels and it could be fast-break the other way as risk on flows move back into bitcoin.

In the US stock market Stock Market A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don Read this Term, the major indices are near their highs for the day:

• Dow industrial average is up 520 points or 1.62% at 32641
• S&P index is up 75.18 points or 1.89% at 4053.91
• NASDAQ index is up 277 points or 2.42% at 11712
• Russell 2000 is up 40.5 points or 2.25% at 1839.66

In the US debt market, the yields are mixed with a steeper yield curve:

• 2 year 2.482%, -1.6 basis points
• 5 year 2.729%, +0.7 basis points
• 10 year 2.777%, +2.8 basis points
• 30 year 3.013%, +4.2 basis points