1% declines in a number of major indices
The European major stock indices are closing with big declines:
- Euro Stoxx index fell -1.15%
- German Dax fell -1.39%
- France's CAC fell -1.5%
- UKs FTSE fell -1.01%
- Spain's Ibex fell -0.79%
- Italy's FTSE MIB fell -0.1%
In the benchmark 10 year note market, yield changes were mostly higher.
A snapshot of the major currency pairs still has the NZD as the strongest currency. The JPY is now the weakest - just ahead of the CAD and USD (which are also mostly lower).
There has been a lot of up and down volatility especially the GBP currency pairs. Looking at the trading ranges, the GBP pairs are leading the way (see chart below). They also are trading more in the middle of the ranges (volatile up and down trading).
The US stocks are lower with the NASDAQ leading the way (to the downside that is).
- NASDAQ is down -1.22% at 7992
- S&P is down -0.42% at 2884.70
- Dow is down -0.02% at 25954
A snapshot of yields in the US are showing smallish declines and narrow trading ranges.
- Spot gold is up $5 or 0.43% at 1196.64
- WTI crude oil is down about -$1 at $68.89
- Bitcoin is down -$379 at $6979. The low reached $6903. The 100 day MA is at $6891. That level remains a key level for the bullish/bearish bias.
