Gold higher. USD and GBP are the weakest. CAD is the strongest.
As London/European traders are looking to exit for the day and stocks are closing with solid gains (sans Spain's Ibex).
- German DAX up 0.83%
- France's CAC of 0.47%
- UK's FTSE up 0.28%
- Spain's Ibex down -0.35%
- Italy's FTSE MIB up 0.62%
- Portugal's PSI 20 of 0.15%
In the 10 year debt sector, Portugal's yield fell -3 basis points to the lowest level since April 2015. Other yields are also lower in the 10 year sector.
- Germany 0.349%, -1.5 basis points
- France 0.668%, -2.8 basis points
- UK 1.273%, -1.9 basis points
- Spain 1.478%, -3.7 basis points
- Italy 1.776%, -3.3 basis points
- Portugal 1.919%, -3.2 basis points
- Greece 5.336%, +6.7 basis points
In other markets as European traders look to exit:
- Spot gold is up $5.80 or 0.46% at $1282.77
- WTI crude oil is up $.35 or 0.6% at $56..75
- US yields are mixed, two-year 1.767%, +1.7 basis points. Five-year 2.10%, +0.6 basis points. 10 year 2.359%, -0.7 basis points. 30 year 2.766%, -1.3 basis points
- US stocks are up sharply. S&P index traded above 2600 for the 1st time. It is trading up 17.46 points or 0.68% at 2599.60. NASDAQ is up 68 points or 1%. Dow industrial average is up 185 points or 0.8%
In the forex market, the USD is down on the day and running neck in neck with the GBP as the weakest currency of the day. The pound is the weakest currency of the day at the European close. The CAD is now the strongest. The USD has moved lower in the NY session.
