Strong gains this week for the major indices.
The European equity markets are closing for the week. The major indices are ending lower snapping a 4 day win streak. Nevertheless the gains for the week are strong.
The provisional closes are showing:
- German DAX, -0.7%
- France’s CAC, -0.6%
- UK’s FTSE 100, flat
- Spain’s Ibex, -0.8%
- Italy’s FTSE MIB, -0.2%
For the week, provisional closes are showing;
- German DAX, +8%
- France’s CAC, +7.8%
- UK’s FTSE 100, +5.9%
- Spain’s Ibex, +6.5%
- Italy’s FTSE MIB, +9.7%.
In other markets as European/London traders look to exit:
- spot gold is trading up $2.40 or 0.12% at $1952.11
- spot silver is up $0.11 or 0.46% $25.48
- WTI crude oil futures are trading down $1.22 at -3.15% at $37.57.
- Bitcoin is off the high level of $15,966.49. It currently trades at $15,514.30
In the US stock market, the S&P index has moved back into the black marginally:
- S&P index up 0.37 points or 0.01% of 3511
- NASDAQ index is down 13 points or -0.11% 11878.00
- Dow industrial average is down 13 points or -0.05% of 28377
In the US debt market, yields are higher with the yield curve steepening:
- 2 year 0.152%, 0.8 basis points
- 5 year 0.367%, +4.41 basis point
- 10 year 0.825%, +6.2 basis points
- 30 year 1.602%, +7.8 basis points
In the European debt market, yields are mostly higher with the exception of Italy whose 10 year benchmark yield is down -2.2 basis points:
