Erase gains from yesterday’s trading
Yesterday, European shares moved to the upside with gains between 0.1% (UK FTSE 100) and 1% (German DAX).
Today the major indices are ending the day lower across the board. The provisional closes are showing:
- German DAX, -0.7%
- France’s CAC, -0.7%
- UK’s FTSE 100, -0.6%
- Spain’s Ibex, -0.6%
- Italy’s FTSE MIB, -1.0%
In the European debt market, the benchmark 10 year yields reversed earlier declines and are currently trading up 0.2 basis points to up 3.8 basis points:
As the London/European traders look to exit, the CAD is the strongest while the JPY is the weakest. The USD has seen volatile up and down trading but is still trading mostly higher but with most of the gains vs. the JPY and EUR. The greenback is lower vs. the CAD, and near unchanged vs. the GBP, CHF, AUD and NZD (all are within 0.07% of unchanged on the day).