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European indices end the session mixed

  
Analysis, Global Indices

German Dax closes higher.

The major the day with mixed results. The German Dax and Italy’s FTSE MIB were higher. The other major indices closed lower.
  • German Dax, +0.27%
  • Francis CAC, unchanged
  • UK’s FTSE 100, -0.6%
  • Spain’s Ibex, -0.67%
  • Italy’s footsie MIB, +0.08%
In the European debt market, the benchmark 10 year yields were sharply higher with Spain and Italy leading the way to the upside:
German Dax closes higher.

Major European indices end the day with mixed results.

  
Analysis, Global Indices
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A good week for European equities as they benefit from flow of funds

The major European indices are ending the week with mixed results.  The German Dax broke its four day streak that also saw new all time highs being made.
The provisional closes are showing:
  • German DAX, -0.5%
  • France’s CAC, +0.2%
  • UK’s FTSE 100, +0.4%
  • Spain’s Ibex, +0.45%
  • Italy’s FTSE MIB, unchanged
For the week, the major indices are all solidly higher:
  • German Dax, +4.18%
  • France’s CAC, +4.5%
  • UK’s FTSE 100, +1.9%
  • Spain’s Ibex, +4.1%
  • Italy’s 4.9%
Year to date, all the indices are also higher:
  • German Dax, +5.71%
  • France’s CAC, +8.87%
  • UK’s FTSE 100, +4.62%
  • Spain’s Ibex, +6.9%
  • Italy’s footsie MIB, +8.4%
In the European debt market, the benchmark 10 year yields are ending the day higher across the board
European yields are higher across the board In the forex, the snapshot of the strongest weakest as London/European traders look to exit shows the CAD is extending its lead to the upside after a trauma than expected jobs report today. The NZD and GBP remain the weakest. The USD is stronger but losing ground vs the CAD.

European equity close: Solid day after ECB picks up the pace

  
Analysis, Global Indices

Closing changes for the main European equity markets

Closing changes for the main European equity markets
  • UK FTSE 100 +0.2%
  • German DAX +0.3%
  • French CAC +0.6%
  • Italy MIB +0.9%
  • Spain IBEX +0.6%
You can see the case for outperformance in the periphery given the step up in the PEPP pace from the ECB. It all looks a bit sluggish compared to the huge gains in the US today. The S&P 500 is up 1.4% and Nasdaq up 2.4%.

Major European shares close higher on the day

  
Analysis, Global Indices

German DAX closes at all-time high for the third consecutive day

The major European indices are closing higher for the third consecutive day.  The German DAX closes at all-time high once again (3rd day in a row).
The provisional closes showing
  • German DAX, +0.7%
  • France’s CAC, +1.1%
  • UK’s FTSE 100, unchanged
  • Spain’s Ibex, +0.18%
  • Italy’s FTSE MIB, +0.4%
A snapshot of the Forex market shows the NZD is the strongest, while the CHF is the weakest. The USD has been waffling between marginally higher and marginally lower in trading today.
In other markets:
  • Spot gold is riding up and down with the US dollars.  It currently is up $0.65 or 0.04% at $1717.
  • Spot silver is up 3.8 cents or 0.15% at $25.97
  • WTI crude oil futures are down $0.51 among 0.81% at $63.49
  • Bitcoin is trading up $2270 or 4.18% of $56,600
In the US that market, yields are marginally higher with the biggest jump in the 30 year bond yield. It currently trades up 2.9 basis points at 2.26%.
The U.S. Treasury will auction off 10 year notes at 1 PM. The current yield is at 1.5369%, up 1.06 basis points. Tomorrow they will auction off 30 year bonds.
In the US stock market, the down industrial average is taken over as the strongest of the three major indices. The NASDAQ index is the least favorable once again as rotation at of the tech into the cyclicals resumes.
  • S&P index up 24 points or 0.62% at 3899.21
  • NASDAQ index up 28 points or 0.22% 13102.67
  • Dow up 386 points or 1.21% at 32220

Major European indices end the day with gains

  
Analysis, Global Indices

German DAX closes at a record level.

The German DAX is closing at another record high for the second day in a row. The other major European indices are also closing higher for the day.
German DAX closes at a record level._
 A snapshot of the provisional closes shows:
  • German DAX, +0.6%
  • France’s CAC, +0.5%
  • UK’s FTSE 100, +0.3%
  • Spain’s IBEX, +0.75%
  • Italy’s FTSE MIB, +0.75%
In other markets as London/European traders look to exit:
  • Spot gold +$32.10 or 1.91% at $1715.53.
  • Spot silver plus $0.84 or 3.37% $25.97
  • WTI crude oil futures down $0.85 or -1.3% at $64.20
  • Bitcoin up $2460 or 4.75% at $54,338
In the US stock market, the major indices are higher but the NASDAQ leading the way:
  • S&P index +68.5 points or 1.79% at 3889.65
  • NASDAQ index up 424 points or 3.37% at 13033.50
  • Dow industrial average up 262 point sort 0.83% at 32065
In the US that market, yields are lower. The U.S. Treasury will auction off three year notes at 1 PM ET:
  • 2 year 0.166%, +0.4 basis points
  • 5 year 0.832%, -2.0 basis points
  • 10 year 1.552%, -3 point basis points
  • 30 year 2.275%, -4.0 basis points

Nikkei 225 closes higher by 0.99% at 29,027.94

  
Analysis, Global Indices

Asian equities rebound on reported China intervention

Nikkei 09-03
The Nikkei fell early on but recovered as broader sentiment in Asia was bolstered by reported intervention by Chinese authorities in propping up the market.
The Hang Seng turned losses into gains of over 1% now while the Shanghai Composite is well off earlier lows but is still seen down a little by 0.5%.
Treasury yields are holding a little lower on the day while US futures are keeping higher. That points to a slightly more positive risk mood ahead of Europe.
Elsewhere, the dollar is keeping steadier as it trades more mixed across the board but USD/JPY is keeping buoyed on a break above 109.00 today.

European shares close higher. German DAX record high close.

  
Analysis, Global Indices

Strong gains in European shares.

Rotation inequities is also across borders. The tech heavy NASDAQ continues to underperform. The European shares meanwhile are doing better. The major indices all rose strongly in trading today with the German tanks trading to a new all time high in closing at a record level.
Strong gains in European shares.
France’s CAC is trading at its highest level since February 2020.
The provisional closes are showing:
  • German DAX, +3.4%
  • France’s CAC, +2.2%
  • UK’s FTSE 100, +1.4%
  • Spain’s Ibex, +2.1%
  • Italy’s FTSE MIB, +3.3%
For the year:
  • German DAX, +4.83%
  • France’s CAC, +6.46%
  • UK’s FTSE 100, +4.0%
  • Spain’s Ibex, +4.74%
  • Italy’s FTSE MIB, +6.7%
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