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Major European indices end the day with mixed results.

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 shares end the session higher

German DAX near unchanged in up and down session

The major European stock indices are ending the session flat or higher. The German DAX was the weakest as it closes near flat for the day. Spain’s Ibex is the strongest with a gain of near 1.4%.

The provisional closes are showing:
  • German DAX, unchanged
  • France’s CAC, +0.3%
  • UK’s FTSE 100, +0.3%
  • Spain’s Ibex, +1.4%
  • Italy’s FTSE MIB, +0.5%
In the European debt market, the benchmark 10 year yields are ending the session lower.

European indices end the day in the red

Indices close near lows for the day

The European indices are ending the day lower and also closing near the lows for the day.
The provisional closes are showing:
  • German DAX, -0.5%
  • France’s CAC, -1.4%
  • UK’s FTSE 100, -1.1%
  • Spain’s Ibex, -1.7%
  • Italy’s FTSE MIB, -0.7%
For the week, the indices are down sharply:
  • German DAX -4.0%
  • France’s CAC -3.49%
  • UK’s FTSE 100, -3.25%
  • Spain’s Ibex, -5.7%
  • Italy’s FTSE MIB, -4.9%
For the month, the German DAX closed near unchanged. The other indices were lower:
  • German DAX, unchanged
  • France’s CAC, -3.1%
  • UK’s FTSE 100, -4%
  • Spain’s Ibex, -4.9%
  • Italy’s FTSE MIB, -1.46%

In the benchmark 10 year yields today, yields have moved back higher after being negative at the start of the North American session

Indices close near lows for the day

Major European indices end the session mixed

Provisional closes for the European major indices

the European stock markets are closing for the day with mixed results. Germany, France, UK, and Spain are all trading within 0.11% of the Friday close.  Italy had the biggest move with decline of -0.60% or more. The major indices are closing well off the session highs as well.
The provisional closes are showing:
  • German DAX, +0.07%. At the high the index was up 0.87%
  • France’s CAC, -0.06%. At the high the index was up 0.93%
  • UK’s FTSE MIB, +0.11%. At the high the index was up 1.07%
  • Spain’s Ibex, -0.06%. At the high the index was up 0.70%
  • Italy’s FTSE MIB, -0.68%. At the high the index was up 0.44%

European shares end the session with mixed results

Italy and Portugal indices move higher

the major European indices are ending the session with mixed results. Germany, France, UK and Spain show declines while Italy and Portugal eked out gains. The closes are showing:

  • German DAX, -0.43%
  • France’s CAC, -0.42%
  • UK’s FTSE 100, -0.62%
  • Spain’s Ibex, -0.2%
  • Italy’s FTSE MIB, +0.3%
  • Portugal’s PSI 20, +0.95%
Italy and Portugal indices move higher_
In the European debt market, benchmark 10 year yields fell across the board with UK yields down the most at -2.8 basis points.
European 10 year yieldsIn other markets as London/European traders look to exit:
  • spot gold $-4.25 or -0.23% $1806.05. The high for the day reached $1813.48. The low extended to $1802.97
  • WTI crude oil futures fell $0.19 or -0.46% to $41.01. It’s high price reached $41.18 while the low extended to $40.60. The September contract is currently down $0.21 or -0.51% of $41.19
In the forex market,
  • GBPUSD. The GBPUSD is trading at new session highs in the currently hourly bar. In the process, the price has moved back above its 200 and 100 hour moving average. That tilted the bias back to the upside in what has been an up and down market over the last 7 or so trading days. On the topside a trendline connecting highs from this we currently comes in at 1.2634. The high from yesterday reached 1.26487. The high for the week on Monday reached 1.26652.
  • EURUSD: The EURUSD moved higher in the London session after finding support buyers near the 38.2% retracement of the move up from the Friday low at 1.13759. The high price reached 1.1441. The high price from yesterday reached 1.14512. There is close support at 1.14223 area
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