Continue to outperform
The European shares are ending the session with gains. The last 6 or 7 days have been higher as hopes for a solution for Covid brings buyers into the more depressed stocks around the globe.
The provisional closes are showing:
- German DAX, +0.8%
- France’s CAC, +1.9%
- UK’s FTSE 100, +1.9%
- Spain’s Ibex, +3.3%
- Italy’s FTSE MIB, +0.5%
Although the gains over the last 7 or so days have been impressive, the major indices still remain lower on the year:
- German DAX, -0.65%
- France’s CAC, -9.15%
- UK’s FTSE 100, -16.48%
- Spain’s Ibex, -19.25%
- Italy’s FTSE MIB, -11.23%
In other markets as European traders look to exit:
- spot gold is trading up $19.40 or 1.05% at $1882.62
- spot silver is up $0.26 or 1.09% at $24.36
- WTI crude oil futures are up $0.71 or 1.76% of $41
in the US debt market, yields are higher but steady and off the highest levels:
- 2 year 0.178%, +0 point basis points
- 5 year 0.447%, +1.9 basis points
- 10 year 0.954%, +3.0 basis points
- 30 year 1.743%, +3.4 basis points