European shares snap a 4-day win streak

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:

Strong gains this week for the major indices.