Major European indices are closing higher on the day. The gains are led by the German DAX which rose by 0.75% and snapped a four day losing streak.
A snapshot of the closing levels shows:
German DAX, +142.67 points or 0.75% at 19147.46France’s CAC, +14.87 points or 0.21% at 7213.33.UK’s FTSE 100 +64.20 point toward 0.79% at 8149.28.Spain’s Ibex +22.20 points or 0.19% at 11611.71Italy’s FTSE MIB +67.26 points or 0.20% at 33294.95.
Looking at the European debt market, the benchmark 10 year yields are mostly lower
Germany 2.320%, -3.3 basis pointsFrance 3.101%, -0.5 basis pointsUK 4.447%, -1.7 basis pointsSpain 3.039%, -4.7 basis pointsItaly 3.575%, -0.3 basis points
as London/European traders exit, US stocks are mixed with the NASDAQ index down. The S&P and Dow industrial average are higher. The small-cap Russell 2000 is also higher and leading the way with a gain of 1.47%.
Industrial average +332 points or 0.76% at 43739. S&P index up 9.59 points or 0.17% at 5927NASDAQ index down -93 points or -0.49% at 18872.58Russell 2000 up 34.15 points or 1.47% at 2359.71
Alphabet is down sharply on antitrust concerns. It shares are down -6.63%. Amazon is lower by -3%. Meta-is down -1.45%.
US yields are higher and trading near highs for the day:
2 year 4.333%, +2.6 basis points5 year 4.292%, +2.0 basis points10 year 4.421%, +1.6 basis points30 year 4.609%, +1.7 basis points
This article was written by Greg Michalowski at www.forexlive.com.
