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Major European indices close the day higher

  
Analysis, Global Indices

German Dax finds support near the 100 hour MA and resistance near the 200 hour moving average

The major European indices are closing higher on the day.  The provisional closes are showing:
  • German DAX, +0.4%
  • France’s CAC, +0.3%
  • UK’s FTSE 100 +0.2%
  • Spain’s Ibex, +1.4%
  • Italy’s FTSE MIB +0.7%
Looking at the German Dax from a technical perspective, the price opened higher today and above its 200 hour moving average (green line in the chart below). The momentum cannot be sustained and the prices started to move back to the downside where traders stalled the fall near the 100 hour moving average at 15559.75.
Going forward, breaking above the 200 hour moving average or below the 100 hour moving average will tilt the bias in that direction. Currently, with the price between the 100 and 200 hour moving averages, the bias is more neutral.
German Dax finds support near the 100 hour MA and resistance near the 200 hour moving average_

In other markets as London/European traders look to exit:

  • Spot gold is trading up $1.32 or 0.08% at $1751.42.
  • Spot silver is up $0.30 or 1.34% $22.69
  • WTI crude oil futures are up $1.51 or 2.04% at $75.50
  • Bitcoin is trading down $76 at $43,140

European major indices close the day with declines

  
Analysis, Global Indices

For the week, the major indices close with gains

The major European indices are closing the day with declines, but for the week, they held on to gains.

The provisional closes are showing:
  • German DAX, -0.8%
  • France’s CAC, -1.0%
  • UK’s FTSE 100, -0.35%
  • Spain’s ibex -0.1%
  • Italy’s FTSE MIB -0.4%
For the trading week, the major indices closed higher:
  • German DAX, +0.25%
  • France’s CAC +1.0%
  • UK’s FTSE 100 +1.3%
  • Spain’s ibex, +1.3%
  • Italy’s FTSE MIB +1.0%
in other markets as London/European traders look to exit shows:
  • Spot gold is trading up $9.30 or 0.54% at $1752.30
  • Spot silver is trading down six cents or -0.27% at $22.43
  • WTI crude oil futures are trading up $0.42 or 0.57% $73.72. The low price today extended down to $72.81 before rotating back to the upside
  • Bitcoin is down $-3200 and $41,700
US stock market, the NASDAQ index continues to be the laggard. The Dow Jones and S&P have traded above and below unchanged but are currently back in the red:
  • Dow Jones -48.95 points or -0.14% at 34,717. The high reached up 92.24 points or 0.27%
  • S&P index -5.46 points or -0.12% 4443.50. The high reached 4455.78, up 6.8 points or +0.15%
  • NASDAQ index is down 66 points or -0.44% at 14985. It’s high price reached 15003.60 but that would still down -48.6 points or -0.32%
In the US debt market, the premarket high yield of 1.452% the 10 year was surpassed at 1.463%. The low yield today reach 1.405% before rotating back to the upside. Other yields are also higher with the 30 year up 5.0 basis points and the two year up 1.3 basis points.
For the week, the major indices close with gains

Major European indices close the week mostly lower

  
Analysis, Global Indices

Eiffel Tower to emerge from its longest closure since World War II, will reopen on June 25 - The Economic TimesSpain’s Ibex the one exception

The major European indices are closing the the week mostly lower. The exception is the Spain’s Ibex which rose 0.35%.

The provisional closes are showing:
  • German DAX, -1.1%
  • France’s CAC, -0.9%
  • UK’s FTSE 100, -1.1%
  • Spain’s Ibex, +0.50%
  • Italy’s FTSE MIB -0.75%
For the week, the major indices or showing mixed results:
  • German DAX, -0.8%
  • France’s CAC -1.5%
  • UK’s FTSE 100 -1.1%
  • Spain’s Ibex +0.9%
  • Italy’s FTSE MIB +0.3%
In other markets as European/London traders look to exit shows:
  • Spot gold unchanged at $1753.80.
  • Spot silver $-0.38 or -1.69% at $22.50.
  • Crude oil futures $1.11 or -1.5% at $71.53
  • Bitcoin $-240 and $47,520
In the US stock market, the NASDAQ index is down over 1% and leading the way to the downside. The S&P index and Dow industrial average also lower:
  • Dow -202 points or -0.58% at 34549.39
  • S&P index -37.35 points or -0.83% 4436.50
  • NASDAQ index -161 points or -1.06% at 15021.50

Major European indices close the day with mixed results

  
Analysis, Global Indices

German DAX, up modestly. UK’s FTSE down 1%

The major European indices are closing the day with mixed results. The provisional closes are showing:

  • German DAX, up 0.1%
  • France’s CAC, up 0.2%
  • UK’s FTSE 100, -1.0%
  • Spain’s Ibex, -0.5%
  • Italy’s FTSE MIB, +0.1%
a snapshot of other markets as London/European traders look to exit shows:
  • Spot gold trading up to dollars and $0.28 or 0.13% at 1791.58
  • Spot silver is up $0.10 or 0.41% $24.04.
  • WTI crude oil futures are trading near unchanged at $69.35
  • Bitcoin is trading up $815 at $46,907.35
in the US stock market, the major indices are higher but off their highest levels:
  • Dow is up 33.18 points or 0.09% at 35063
  •  S&P index is up 2.18 points or 0.05% of 4516.20
  • NASDAQ is up 28 points or 0.18% at 15314.24

European indices end the session with declines across the board

  
Analysis, Global Indices

German DAX, -1.4%

The major European indices are ending the session with the client across the board.

The provisional closes are showing:
  • German Dax -1.4%
  • France’s CAC, -0.8%
  • UK’s FTSE 100, -0.7%
  • Spain’s Ibex, -0.44%
  • Italy’s FTSE MIB, -0.6%
In other markets as European/London traders look to exit:
  • Spot gold the is trading down $-2.46 or -0.14% at $1791.54.
  • Spot silver is down $0.30 or -1.25% at $23.99.
  • WTI crude oil futures are up $0.88 or 1.3% $69.23
  • The price of bitcoin is down $732 or -1.5% of $46,163
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