US stocks back higher after dipping into the red
The European major stock indices are ending the day with modest gains.
The provisional closes are showing:
- German DAX, +0.1%
- France’s CAC, +0.46%
- UK’s FTSE, +0.08%
- Spain’s Ibex, +0.4%
- Italy’s FTSE MIB bucked the trend and is closing down -0.4%
The benchmark 10 year yields in Europe are lower. Italy, which was higher earlier, reversed the flows and also fell on the day. German yields remain around the -0.20%.
in the US stock market, the markets have been whipping around. Both the S&P and NASDAQ gave up solid early gains, and moved into the red (negative), but are now both higher again. The snapshot as London/European traders look to exit show- the S&P index of 12.72 points or 0.45% at 2816.0
- The NASDAQ index of 25 points or 0.34% at 7552
- The Dow is up 148 points or 0.59% at 25480
In the US debt market, the 2 year was down nearly 10 basis points earlier in the day but are currently only down about 4 bps. The 30 year is higher as the yield curve steepens a bit.
