German DAX +0.5%

The major European indices are closing the day higher. The provisional closes are showing:

• German DAX, +0.5%
• France’s CAC, +0.7%
• UK’s FTSE 100, plus at 1.2%
• Spain’s Ibex, +1.1%
• Italy’s FTSE MIB, +0.7%

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

• Spot gold is trading up $0.60 or 0.03% at $1770.66.
• Spot silver is down $0.11 or -0.44% at $25.98.
• WTI crude oil futures are trading at $74.85. That’s up $1.38 or 1.92%
• bitcoin is trading down $1130 or -3.27% of $33445

In the US debt market, the yields are our higher with the 10 year rising by 3.4 basis points at 1.4781%.

German DAX -0.9%.

The major European indices arre ending the session lower on the day. The provisional closes are showing:

Major indices moved to the upside

The major European indices are closing higher on the day. The provisional closes are showing:

Closing changes in the main European bourses:

That’s not a great start to the week for European equities.

France’s CAC down modestly

German DAX, +0.8%

• German DAX, +0.9%
• France’s CAC, +1.2%
• UK FTSE 100, +0.6%
• Spain’s Ibex, +1.3%
• Italy’s FTSE MIB, +1.2%

In the European debt market, the yields on moved lower with the UK yield down -3.8% after the Bank of England decision.

In other markets as London/European traders look toward the exit shows

• Gold has given up its gains and trades up only $0.53 or 0.03% at $1779.20. At the start of the New York session, the price was up $7.80 at $1786.35.
• Spot silver is up $0.17 or 0.69% at $26.07. That is the same level as the start of the North American session
• WTI crude oil futures are up $0.14 or 0.19% at $73.22. The low price reached $72.32. The high extended to $73.61
• Bitcoin is trading up $1348 or 4.07% at $34,414. At the start of the New York session it was trading at $34,124.70

A look at the US stock market as both the NASDAQ index and the S&P index both looking to close at record highs

• S&P index up 23 points or 0.54% at 4264.90
• NASDAQ index up 120.51 points or 0.4% at 14392.20
• Dow industrial average up 240 points or 0.71% at 34114.68

UK’s FTSE 100 flat

• German DAX -0.9%
• France’s CAC, -0.8%
• UK’s FTSE 100, unchanged
• Spain’s Ibex, -0.8%
• Italy’s FTSE MIB, -0.7%

In the European debt market, the benchmark 10 year yields are mostly lower with the exception being the UK 10 year up 0.4 basis points. The yields are off their lowest levels of the day however.

Looking at other markets as London/European traders look to exit:

• Spot gold is up $8.50 or 0.48% $1787.30.
• Spot silver is up $0.38 or 1.49% at $26.16
• WTI crude oil futures are up $0.73 or 1.0% at $73.58. The high price extended to a new cycle high of $74.25 before rotating back to the downside. Crude oil inventory data showed a bigger than expected drawdown of 7.6 million barrels versus -3.5 million barrels estimate. Last week there was a drawdown of 7.3 million barrels as the economy reopens and people hit the road.
• The price of bitcoin is up $744 or 2.26% at $33,651. That is off the intraday high of $34,881.

In the US stock market, the markets are mixed:

• The NASDAQ index made a new all-time high today of 14317.66. The currently trades at 14281.13, up 28 points or 0.20%
• S&P index reached a high of 4256.60. That was just below the all-time high of 4257.11. It currently trades at 4248.69, up 2.28 points or 0.05%
• Dow industrial average is down around 20 points or -0.06% at 33925.30.

Italy’s FTSE MIB lower. Spain’s ibex unchanged

• German DAX, +0.3%
• France’s CAC, +0.3%
• UK’s FTSE 100, +0.5%
• Italy’s FTSE MIB, -0.2%
• Spain’s Ibex, unchanged

In the European debt market, the benchmark 10 year yields are all higher with Italy’s yields up the most at 2.4 basis points.