German Dax up 0.9%
The European major stock indices are ending the session with decent gains with the German Dax leading the way and the UK FTSE closing at another record.
The summary of the indices shows:
- German Dax rose 0.9%
- France's CAC rose 0.3%
- UK's FTSE rose 0.48% and closed at a record high
- Spain's Ibex rose 0.8%
- Italy's FTSE MIB rose 0.54%
- Portugal's PSI 20 rose 0.64%
In the 10 year debt market today:
- Germany 0.562%, up 4 bps
- France 0.838%, up 2 bps
- UK 1.525%, up 4.9 bps
- Spain 1.455%, down -5 bps
- Italy 2.324%, down -6.6 bps
- Portugal 1.958%, -4.7 bps
The Italian and Portugal yields are taking a bit of a breather today. Italy's 10 year BTP moved up to test the highs from 2017 on the back of investor concerns about the new Italian coalition. The Italian President is still reviewing the details of the program and the PM nominee.
Just in, Conte's "candidacy is no longer certain"
In other markets as London/Europe head toward the end of their day shows:
- Spot gold, unchanged at $1292.75
- WTI crude oil is up $0.44 at $72.68
- Bitcoin is down -$177 at $8232.93
- S&P is up 0.12%. Nasdaq is up 0.08%. Dow is down -0.14%
- US yields: 2 year 2.57%, up 0.4 bps. 10 year 3.072%, up 1.3 bps. 30 year 3.215%, up 1.4 bps
The CHF is the strongest of the major pairs. The NZD is the weakest. The USD is now marginally lower/mixed. It is lower vs the CHF, AUD, CAD, GBP and JPY, unchanged vs the EUR and marginally higher vs the NZD.
