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European shares mostly higher. Spain’s Ibex up 0.9%. UK FTSE flat.

Modest gains for the major indices

The European stock markets are closed with major indices are closing higher.  Spain’s Ibex rose 0.9%.  UK FTSE was flat.
The provisional closes are showing:
  • German DAX, +0.2%
  • France’s CAC, +0.3%
  • UK’s FTSE, flat
  • Spains Ibex, +0.9%
  • Italy’s FTSE MIB, +0.67%
In the European debt market, yields for the benchmark 10 year sector are closing lower.
Modest gains for the major indices

In other markets:

  • spot gold is up $9.28 or 0.60% at $1510.50
  • WTI crude oil futures are down $0.95 or -1.65% at $58.37.  Crude oil inventories rose 1058K which was higher than the -2250K estimate.
IN the US stock market, major indices are lower:
  • S&P index -9.37 points or -0.31% at 2996.40
  • NASDAQ index -29.86 points or -0.36% at 2156.29
  • Dow industrial average -84.58 points or -0.31% at 27026.68
In the US debt market yields are also lower and trading near the lows for the day.
US yields are trading at the lows for the day

Nikkei 225 closes lower by 0.18% at 21,960.71

Japanese stocks slump after poor trade figures once again

Nikkei 18-09

A mix of poor data and geopolitical tensions are weighing on Japanese stocks today as Asian markets look more tepid in anticipation of the Fed decision later today.

The Hang Seng is trading flat while Chinese stocks are a tad higher on the day, with positioning flows cited ahead of the Fed announcing another rate cut in US trading later.
Overall risk sentiment remains more flat/cautious with bond yields little changed as we begin the session. US futures are a little weaker – down by ~0.2% – and European equities should reflect that at the open as well.
Looking ahead, it’s all about the countdown to the Fed so we may be in for a more slow-paced and subdued session in European trading today.

European major indices are ending with mixed/modest results

Little changes up and down on the day

The  European stock markets are ending the day mixed with mostly modest changes for most of the major indices. Italy’s FTSE MIB fared the worst, while France rose modestly higher.

The provisional closes are showing

  • German DAX, unchanged
  • France’s CAC, up 0.2%
  • UK’s FTSE, unchanged
  • Spains Ibex, -0.5%
  • Italy’s FTSE MIB, -0.76%
In  the benchmark 10 year note sector, yields are higher with Italy Portugal and Spain up the most.
European 10 year yields are up on the day
In the forex market as London/European traders look to exit, the EUR is the strongest while the AUD is the weakest.  The USD has weakened in the NY session after being marginally higher earlier.

Nikkei 225 closes higher by 0.06% at 22,001.32

Tokyo’s main index returns from the long weekend to finish near flat levels today

Nikkei 17-09

It’s a bit of a mixed bag in Asia as Japanese stocks are playing catch up to the events in Saudi Arabia so we’re seeing O&G stocks do the heavy-lifting in Tokyo, offsetting geopolitical tensions that are weighing on risk sentiment elsewhere.

Meanwhile, Hong Kong and Chinese stocks were more pressured due to domestic factors with the city protests still causing some unrest in the former while the latter is dragged down by disappointment that China did not lower its one-year lending rate earlier today.
The Hang Seng is down by 1.5% while the Shanghai Composite is down by 1.7% currently. The risk mood overall remains more cautious but nothing suggestive of major flows as we begin European trading. USD/JPY sits just a tad higher at 108.20 currently.

European equity close: Solid close to wrap up a great week

Closing changes for the main European equities

  • UK FTSE 100 +0.4%
  • German DAX +0.6%
  • French CAC +0.3%
  • Italy MIB +0.4%
  • Spain IBEX +0.9%
On the week:
  • UK FTSE 100 +1.3%
  • German DAX +2.3%
  • French CAC +1.1%
  • Italy MIB +1.1%
  • Spain IBEX +1.7%
Given the gains in the euro and (especially) the pound on the week, the performance was particularly impressive.
The FTSE 100 is right at the 55-day moving average:
Closing changes for the main European equities

Nikkei 225 closes higher by 0.35% at 21,392.10

Tokyo’s main index closes a little higher amid mixed sentiment in Asia

Nikkei 10-09
Chinese stocks are mildly weaker but the overall risk mood remains more cautious and flat with US futures and Treasury yields not doing much as we begin European trading.
USD/JPY holds a little higher still at 107.36 but with the risk mood as such, price has little conviction to run much further to the upside for the time being.

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