Italy is the weakest on the day
The European major stock indices are ending the week with declines:
- German Dax fell -0.4%
- France CAC was flat
- UK FTSE fell -0.3%
- Spain's Ibex fell -1.1%
- Italy's FTSE MIB fell -1.89%
- Portugal's PSI 20 fell -0.24%
The Italian market fell on the back of Bank of Italy's Visco comment that "Uncertainty on government measures halts investment".
For the week,
- German Dax rose 0.33%
- France Cac fell -0.28%
- UK FTSE fell -0.27%
- Spain's Ibex rose 1.19%
- Italy's FTSE MIB fell -3.41%
- Portugal's PSI20 rose 1.77%
In the 10 year note sector today:
- Germany 0.449%, down -3.5 bps
- France 0.820%, -0.7 bps
- UK 1.392%, -0.7 bps
- Spain 1.47%, unchanged
- Italy 3.135%, up 7.3 bps
- Portugal 2.056%, +2.6 bps
In other markets as London/European traders look to exit for the week:
- Spot gold is up $1.30 at $1298.50
- WTI crude oil futures are trading down -$0.40 or -0.59% at $65.55
- Bitcoin on the Coinbase exchange is trading down $91 at $7570. The digital currency is trading right around its 100 and 200 hour moving averages at $7587.
In the US stock market:
- S&P index is trading down 1.12 points or -0.04% at 2769.27
- NASDAQ composite index is down -12.5 points or -0.16% at $7622.81
- Dow industrial average is up 6 points or 0.02% at 25,247.
In the US debt market:
- 2-year 2.4957%, up 0.8 basis points
- 5 year 2.768%, +0.3 basis points
- 10 year 2.926%, up 0.5 basis points
- 30 year 3.074%, up 0.6 basis points
IN the forex market, the JPY is the strongest but off higher levels in the early NY session. The CHF is the weakest.
