The major European indices are closing the day marginally higher. The gains were led by the France’s CAC, Spain’s Ibex and Italy’s FTSE MIB.
The final numbers show:
German DAX, +0.07%France’s CAC +0.26% UK’s FTSE 100 +0.05%Spain’s Ibex +0.26%Italy’s FTSE MIB +0.25%
As London/European traders had for the exits, and the Fed rate decision is forthcoming, the major US indices are also marginally higher on the day:
Dow industrial average +0.37%S&P index +0.21%NASDAQ index +0.19%Russell 2000+0.24%
A rising the Dow industrial average today would be the first after nine straight days of declines (largest string since 1978).
Looking at the US debt market, yields are mixed:
2-year 4.234%, -0.7 basis points 5-year yield 4.255%, +0.7 basis points10 year yield 4.402%, +1.8 point basis points30 year yield 4.600%, +2.1 basis points
This article was written by Greg Michalowski at www.forexlive.com.
