#Germany’s producer prices drop way faster than expected. PPI -0.6% in Oct YoY vs forecast of -0.4%, lowest since 2016.
Archives of “Global Indices” category
rssEuropean equity close: Italy lags but modest moves overall
Closing changes for the main bourses:
- UK FTSE 100 +0.1%
- German DAX +0.1%
- Spain IBEX +0.1%
- French CAC -0.4%
- Italy MIB -0.6%
European shares end the day mostly lower
German DAX, -0.3%, France’s CAC, -0.3%. Spain’s Ibex, unchanged, UK FTSE +0.1%
the major European stock indices are ending the session mostly lower. The provisional closes are showing:
- German DAX, -0.3%
- France’s CAC, -0.3%
- UK’s FTSE 100, +0.1%
- Spain’s Ibex, unchanged
- Italy’s FTSE MIB, -0.5%
In the European debt market are ending mostly lower. The exception is the UK 10 year at up 1.6 basis points. France’s 10 year OAT, tried to move back above the 0.0%, but stalled just short of that level at -0.006% at the session high before moving back to the downside.
In other markets as London/European traders look to exit:
- spot gold is up $2.80 or 0.20% $1471.19
- WTI crude oil futures are down $1.03 or -1.8% at $56.68
Global mkt cap now near $82tn, equates to 94% of global GDP, just shy of Buffett’s 100% bubble indicator.
Record closes for all three US indices to end the week
The Dow above 28000 for the first time ever. Indices close at record all time high levels.
The major indices are closing at records. The Dow hits 28,000 for the 1st time ever and looks like my close above that level as well. The S&P index and NASDAQ index are also trading at record levels and closed at the highs. It is hard to get any better than that.
The closing numbers are showing:
- The S&P index up 23.73 points or 0.77% at 3120.37. That is the high for the day. The low for the day was down at 3104.60
- The NASDAQ index is up 61.81 points or 0.73% at 8540.82. That too is the high for the day. The low for the day reached 8506.79.
- The Dow close up 222.45 points or 0.80% at 28004.69. Yes. it too is at the high for the day. The low for the day reached 27843.54.
Below are the percentage changes of the major North American and European indices today (along with their low to high ranges).
For the week, the Dow was the biggest gainer of a sample of major indices. The Shanghai composite index was the biggest decliner at -2.52%.
Copper relative to gold is near past major lows. This has coincided with major lows in the 10-year yield.
European major indices close the day mostly lower
Yields are mixed
The major European stock indices are closing the day mostly lower. The provisional closes are showing:
- German DAX, -0.32%
- France’s CAC, -0.11%
- UK’s FTSE 100, -0.67%
- Spain’s Ibex, -0.17%
- Italy’s FTSE MIB, -0.41%
A look at the benchmark 10 year yields is showing a mixed picture with Germany France and UK yields moving lower, while the more risky Spain Italy and Portugal moving higher.
Nikkei 225 closes lower by 0.85% at 23,319.87
Asian equities slump amid some caution in the risk mood
Japanese stocks are lower as tariffs continue to be a niggling issue in US-China trade talks. We had Trump threaten more tariffs – should talks not go well – in his speech before a WSJ report noted that both sides are still struggling to find common ground on the matter.
Meanwhile, the civil unrest in Hong Kong is continuing to affect the risk mood in the region as well, with the city continuing to descend into total chaos. The Hang Seng is down by 2.2% on the day as it sinks to session lows at the moment.
US futures are also a tad softer and that is keeping risk trades on edge as we begin the session. The franc is among the better performers with USD/CHF approaching 0.9900 though the yen has given up some of its earlier gains with USD/JPY still around 109.00.
European shares get a lift in trading today
Spain’s Ibex is the exception as they sort through the political uncertainty
The major European stock indices are ending the day higher. They got a boost from the Trump administration saying tariffs on European auto imports would be delayed 6 months.
The provisional closes are showing:
- German DAX, +0.75%
- France’s CAC, +0.58%
- UK’s FTSE 100, +0.65%
- Spain’s Ibex, -0.8%
- Italy’s FTSE MIB, +1.24%
- Portugal’s PSI 20, +0.18%
European major indices give back a little to end the week
Euro Stoxx index falls for the first time in 5 days
The Euro Stoxx 600 index rose for the last 5 trading days and in the process moved to the highest level since 2015. That string was broken today. The Euro Stoxx index fell by -0.4%.
Most of the other indices in Europe also saw modest declines. The provisional closes are showing:
- German DAX, -0.5%
- France’s CAC, -0.2%
- UK’s FTSE, -0.6%
- Spain’s Ibex, -0.1%
- Italy’s FTSE MIB, +0.1%
For the week, the provisional closes are showing:
- German DAX, +2%
- France’s CAC, +2%
- UK’s FTSE 100, +0.8%
- Spain’s Ibex, +0.5%
- Italy’s FTSE MIB, +2.5%
In the European debt market, yields are ending the session mixed.
