Major indices close lower last week. The week is getting off to a better start
Last week, the European indices all closed lower for the week. Today however, the indices are getting off to a better start. All the major indices are higher. The provisional closes are showing:
- German DAX, +2.4%
- France’s CAC, +2.3%
- UK’s FTSE 100, +1.7%
- Spain’s Ibex, +1.96%
- Italy’s FTSE MIB, +2.1%
In the European debt market, the benchmark 10 year yields are ending mostly higher with Spain up 2.3 basis points leading the way. Italian yields are near unchanged at -0.1 basis point.