Modest gains for the major indices
The major European indices rebounded off of earlier low levels and are closing modestly higher on the day. The provisional closes are showing
- German DAX +0.2%. The low price reached -0.4%. The high price extended up 0.38%
- France’s CAC +0.3%. The low price reached -0.13%. The high price reach +0.5%
- UK’s FTSE 100 -0.1%. The low price reached -0.27%. The high price reached +0.27%
- Spain’s Ibex +0.3%. The low price reached -0.33%. The high price reached +0.49%
- Italy’s FTSE MIB +0.4%. The low price reached -0.32%. The high price reached +0.72%
in other markets as London/European traders look to exit:
- Spot gold is trading up $3.74 or 0.2% at $1858.54.
- Spot silver is trading down $0.05 oh -0.22% at $25.50
- WTI crude oil futures are trading down $0.11 or -0.21% $53.10. Crude oil inventorie
German Dax up 1.35%. France’s Cac up 1.45%.
Yesterday, the major European indices all fell sharply:
- German DAX, -2.8%
- France’s CAC, -2.4%
- UK’s FTSE 100, -1.8%
- Spain’s Ibex, -2.8%
- Italy’s FTSE MIB, -2.4%
Today, there has been a recovery elderly some of the declines. The provisional closes are showing:
- German DAX, +1.35%
- France’s CAC, +1.49%
- UK’s FTSE 100, +0.63%
- Spain’s Ibex, +1.85%
- Italy’s FTSE MIB, +1.9%
as London/European traders look to exit, a snapshot of other markets shows:
- spot gold, $-10.38 or -0.55% $1866.50.
- Spot silver down $0.63 or -2.41% at $25.54.
- WTI crude oil futures $-0.66 or -1.36% of $47.31
in the US stock market, the major indices have turned negative after rising earlier:
- S&P index is down -11.65 points or -0.32% 3683.01
- NASDAQ index is down 17 points or -0.14% 12724
- Dow is down 165 points or -0.55 presented 30052.6
in the US debt market, yields are lower with the 30 year leading the way at -2.0 basis points:
- 2 year 0.116%, -0.4 basis points
- 5 year 0.365%, -1.4 basis points
- 10 year 0.918%, -1.6 basis points
- 30 year 1.653%, -2.0 basis points
German DAX falls for the 1st time in 5 trading days
The European stock markets are coming to a close and the major indices are closing with declines and near session lows.
The German DAX was the big winner this week, but fell for the 1st time in 5 days today. The Spanish Ibex was the weakest today.
A look at the provisional closes shows:
- German DAX, -0.21%
- France CAC, -0.45%
- UK’s FTSE 100, -0.45%
- Spain’s Ibex, -1.3%
- Italy’s FTSE MIB, -0.2%
For the week, the German DAX outperformed with a near 4% gain:
- German DAX, +3.94%
- France’s CAC, +0.33%
- UK’s FTSE 100, -0.32%
- Spain’s Ibex, -0.24%
- Italy’s FTSE MIB, +1.2%
Asian equities keep higher after the Fed yesterday
Modest gains for Japanese stocks, with the rest of the region seeing a similar mood. The Hang Seng is up 0.3% while the Shanghai Composite is up 0.8%.
Elsewhere, US futures are up by ~0.3% as we look towards European trading with Nasdaq futures near record highs. US stimulus talks are dragging on but the market is keeping hope of a more optimistic outcome for the time being.
In the currencies space, the dollar is the weakest performer following the Fed decision yesterday – which mainly reaffirmed the status quo in the market.
Asian equities keep higher on the day
Japanese stocks close near the lows but maintained its advance alongside equities in the region, as sentiment stays bolstered by US stimulus hopes among other things.
After the monstrous November rally, the Nikkei appears to be taking a breather and consolidating at the highs for the year currently.
The Hang Seng is up 0.9% while the Shanghai Composite is up 0.2% going into the closing stages of the day. S&P 500 futures are more flat so far ahead of European trading.
In the currencies space, the dollar is mostly little changed across the board and trading more mixed for the time being. USD/JPY is keeping lower though, around 103.50 and nears the early November lows around 103.35.