European shares close higher for the 4th consecutive day

  
Analysis, Global Indices

Solid gains once again for the major indices

The European shares are closing higher for the 4th consecutive day. The gains are led by Spain’s Ibex and Italy’s FTSE MIB which are up over 2%.

The provisional closes are showing
  • German DAX, +1.9%
  • France CAC, +1.2%
  • UK’s FTSE 100, +0.3%
  • Spain’s Ibex, +2.0%
  • Italy’s FTSE MIB, +2.0%
The European debt market, the benchmark 10 year yields are mixed with Italy and Spain yields down, and German, UK and Portugal yields up. The French 10 year yield is unchanged on the day.
European yields are mixedIn other markets as European traders look to head for the exits:
  • Spot gold is surging. The price is currently up $43 or 2.28% at $1946.32.
  • Spot silver is also up sharply. It is currently up 100 and $0.11 or 4.64% at $25.01
  • WTI crude oil futures trading down $0.43 or -1.12% at $38.71
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