European indices post gains to start the week

  
Analysis, Global Indices

German DAX +1.0%

The major European indices posted gains to start the trading week. The provisional closes are showing:

  • German DAX, +1.0%
  • France’s CAC, +0.5%
  • UK’s FTSE 100, +0.6%
  • Spain’s Ibex, +0.15%
  • Italy’s FTSE MIB, +0.6%
In the European debt market, the benchmark 10 year yields ended mostly higher with Germany 10 year yield up 2.8 basis points. Spain’s yield were near unchanged.
German DAX +1.0%_
In the forex market as London/European traders look to exit, the GBP is the strongest, while the JPY is the weakest.  The USD is weaker after Bullard/Kaplan perhaps were little less hawkish than expectations.
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