German DAX rises by 1.11%. UK FTSE up 0.87%
the major stock indices in Europe are ending the 1st day of the year was solid gains. Spain’s Ibex and Italy’s FTSE MIB led the way with 1.4% gains.
A look at the provisional closes are showing:
- German DAX, +1.11%
- France’s CAC, +1.14%
- UK’s FTSE, +0.87%
- Spain’s Ibex, +1.4%
- Italy’s FTSE MIB, up 1.4%
- Portugal PSI 20, up 1.0%
In the debt market, the benchmark 10 year yields so yields move lower. The German and French 10 year oat fell -3.8 basis points on the day. Italy’s 10 year note rose by 0.3 basis points.
In other markets as European traders look to exit:
- Spot gold is up $10.77 or 0.71% at $1528.06. The price is off its high at $1531.40
- WTI crude oil futures are now trading lower by $0.27 or -0.44% at $60.78. That is near the low price for the day at $60.70. The high price extended to $61.60
In the US stock market the major indices are off their highs for the day (all-time intraday highs were reached in the S&P and NASDAQ).