German DAX surges by 5.2%, France CAC up 7.6%.
The major European indices are closing sharply higher. The gains are the 5th in the last 6 trading days. Spain’s Ibex leads the way with a gain of over 8%.
The provisional closes are showing:
- German DAX, +5.2%
- France’s CAC, +7.6%
- UK’s FTSE 100, +4.9%
- Spain’s Ibex, +8.6%
- Italy’s FTSE MIB, +5.5%
In the European debt market, yields were sharply higher as well as investors push up yields in reaction to a potential Covid vaccine (and rebounding economies).
In other markets:
- spot gold is trading down $97 or -4.98% $1854
- spot silver is trading down $1.95 or -7.61% at $23.63
- WTI crude oil futures are surging by $3.19 or 8.59% at $40.35