The major European stock indices are closing with solid gains led by the Italy’s FTSE MIB up 1.56%. Both the German DAX and France’s CAC enjoyed gains of 1.2%.
The final numbers are showing:
German DAX +1.22%France’s CAC, +1.2%UK’s FTSE 100 +0.65%Spain’s Ibex +0.40%Italy’s FTSE MIB +1.56%
Looking at benchmark 10 year yields, yields are lower:
Germany 2.326%, -2.5 basis pointsFrance 3.079%, -1.7 basis pointsUK 4.426%, -0.6 basis pointsSpain 3.059%, -1.9 basis points. Italy 3.596%, -5.3 basis points
As European traders had for the exits, the US indices are trading higher led by the Dow industrial average and the Russell 2000.
Dow industrial average +361 points or 0.82% and 44350S&P up 15.94 points or 0.27% at 6011.50.NASDAQ index up 3.02 points or 0.02% at 19289.77.Russell 2000+39.85 points or 1.66% at 2439.41.
The US debt market is closing in observance of Veterans Day:.
In other US markets,
Crude oil is trading down -$2.18 at $68.19. The low price today reached $68.Gold prices are trading down sharply by -$69.22 or -2.58% at $2614.78 as traders exit the fear from election trades. Silver is down $0.74 or -2.35% at $30.55bitcoin is gaining all the gold and silver selling with a rise of $4163 and $84,588. The high price reached a round number of $85,000
This article was written by Greg Michalowski at www.forexlive.com.
