10 year yields are lower
The European major stock indices are ending the session mixed:
- German DAX fell -0.1%
- France's CAC rose +0.2%
- UK's FTSE rose +0.6%
- Spain's Ibex fell -1.1%
- Italy's FTSE MIB fell -0.1%
- Portugal's PSI 20 rose 0.4%
In the 10 year note sector in Europe, yields are lower:
- Germany 0.723%, -1.2 basis points
- France 0.990%, -1.1 basis point
- UK 1.554%, -3.1 basis points
- Spain 1.514%, -1.7 basis points
- Italy 2.049%, -2.1 basis points
- Portugal 1.999%, -4.7 basis points
In other markets as London/European traders look to head for the exits:
- Spot gold is training down $.32 or -0.2% at $1328.89
- WTI crude oil futures are trading down $.15 or -0.24% at $61.64
- Bitcoin is training down $-1254 at $10,457. It is trading at session lows and moves closer to its 200 hour moving average at $10,286. That will be a key barometer for the bulls and bears (see post here).
US stocks are higher and trading at session highs at the US midday:
- S&P futures are up 20.9 points or 0.77% at 2737
- NASDAQ composite index is up 75.78 points or 1.05% at 7311
- Dow industrial average is up 147 points or 0.59% at 25111
In the US debt market yields are moving higher after being lower earlier:
- 2 year 2.262%, up 4.3 basis points
- 5 year 2.6516%, up 0.7 basis points
- 10 year 2.899%, up one basis point
- 30 year 3.18%, up 2.5 basis points
The snapshot of the strongest and weakest currencies is showing the USD remains the strongest currency. It did get weaker in the US morning but is rebounding into the London close. The AUD is the weakest currency now.
That is the rundown of the markets as London/European traders look to exit.
