Dollar reaching highs as London/Europe looking toward the exit
The European stocks have ended the day higher. A lower EUR and GBP are helping the move higher:
- German DAX rose 0.9%
- UK's FTSE rose 1.0%
- France's CAC rose 0.9%
- Spain's Ibex rose 0.2%
- Italy's FTSE MIB rose 0.65%
- Portugal's PSI 20 rose 0.35%
In the 10 year note sector yields are lower"
- Germany 0.325%, -1.6 basis points
- UK 1.247%, -5.6 basis points
- France 0.715%, -2.3 basis points
- Spain 1.351%, -4.2 basis points
- Italy 2.802%, -8.6 basis points
- Portugal 1.842%, -4.3 basis points
In other markets as London/European traders look to exit:
- spot gold $-5.67 or -0.45% at $1253.30
- WTI crude oil futures are up $2.40 or 3.4% at $72.93. A large drawdown of -9891K in crude oil inventories (est -3000K) has the futures moving higher and higher. The price is trading at the highest level since 2014
- Bitcoin is trading down $70 at $6112 on the Coinbase exchange
In the US stock market:
- S&P is up 12 points or 0.44% at 2735
- NASDAQ is up 7.5 points or 0.10% at 7569
- Dow is up hundred 53 points or 0.63% at 24436
In the US debt market yields are lower ahead of the 5 year note auctions at 1 PM ET:
- 2 year 2.514%, -1.8 basis points
- 5 year 2.712%, -3.4 basis points
- 10 year 2.840%, -3.6 basis points
- 30 year 2.981%, -4.3 basis points
The CAD and the USD is the strongest. The NZD is the weakest.
PS Germany is eliminated from the World Cup after losing to S. Korea 2-0
Sweden defeated Mexico 3-0. Sweden and Mexico advance.
Switzerland plays Costa Rica and Serbia plays Brazil. Switzerland and Brazil control their own destiny.
