The major European indices are closing sharply higher on the day, but it wasn't enough to erase declines for the week. For the day:
- German Dax, 3.66%
- Francis CAC +3.54%
- UK's FTSE 100 +3.91%
- Spain's Ibex +3.5%
- Italy's FTSE MIB +3.5%
For the trading week:
- German Dax, -3.3%
- Francis CAC -2.56%
- UK's FTSE 100 -0.33%
- Spain's Ibex -1.04%
- Italy's FTSE MIB -2.87%
Looking at the daily chart of the German Dax, the price decline this week so the index moved down some -15.24% from its November 2021 high.
A quick look around the market as London/European traders look to exit:
- spot gold
Gold
Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo
Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo
Read this Term is trading down $18 or -0.96% at $1885
- WTI crude oil
Crude Oil
Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk,
Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk,
Read this Term is trading down $1.52 at $91.32
- Bitcoin is trading up around $1000 at $39,395
US stocks are trading at their highest levels for the day
- Dow industrial average is up 735 points or 2.21% at 33958
- S&P index is up 87 points or 2.03% at 4375.74
- NASDAQ index is up 194 points or 1.44%
- Russell 2000 is up 30.62 points or 1.53% at 2025.97
In the US debt market, yields are higher with the two year up at 1.605%. The high-yield this week reached 1.640%.
The 10 year is up 1.4 basis points of 1.9860%. The high yield for the 10 year reach 2.016%.
