Off to a bad start for the week
The major European stocks are starting the week with declines:
- German Dax is down -0.55%
- UKs FTSE fell -1.18%
- France's CAC fell -0.88%
- Spain's Ibex fell -0.70%
- Italy's FTSE MIB fell -0.91%
- Portugal's PSI20 fell -0.73%
In the 10 year debt sector in the EU were mostly lower:
- Germany 0.302%, unchanged
- France 0.655%, -1.0 basis points
- UK 1.253%, -2.5 basis points
- Spain 1.294%, -2.7 basis points
- Italy 2.650%, -2.9 basis points
- Portugal 1.763%, -2.5 basis points
As London traders look to exit, the JPY and the USD remain near the top as investors are concerned about global trade. The AUD and NZD (risk off pairs) are leading the way on the downside.
In other markets, a snapshot of other markets are showing:
- Spot gold -$8.93 at $1244.25
- WTI crude oil is down -$0.33 or -0.46% at $73.82
- Bitcoin has raced higher today and is up over 10% on the day. It is up $713 at $6612
- S&P is down -9.20 points. The Nasdaq is down -17.3 points. The Dow is down -112 points.
- US yields are mixed with the yield curve flattening. 2 year 2.5404%, up 1.2 bps. The 10 year is at 2.8547%, down -0.5 bps
