German Dax falls -0.80% and is the worst performer today
The European stocks rose on Monday, but gave back some of those gains today.
- German Dax fell -0.8%
- France's Cac fell -0.6%
- UK's FTSE fell -0.1%
- Spain's Ibex fell -0.4%
- Italy's FTSE MIB fell -0.69%
- Portugal's PSI20 fell -0.24%
In the 10 year debt sector, yields are lower today:
- German 0.495%, -2.0 bps
- France 0.735%,, -2.0 bps
- UK 1.389%, -1.8 bps
- Spain 1.267%, +0.6 bps
- Italy 1.797%, unchanged
- Portugal 1.697%, -2.9 bps
In the forex market, the JPY remains the strongest currency of the day, but it has given up some of the earlier gains (from the NY opening). The CAD has made a big move in the NA morning session. At the start it was lower vs all pairs with the exception of the AUD. Now. it is higher vs. all major pairs with the exception of the JPY. The USD is lower in the NY session.
The lower dollar has helped to push gold higher. Spot gold is up $25 in trading today. It is also getting boost by the expected missile launch on Syria and potential increased Russian tension.
In other markets:
- WTI crude oil futures continues its move higher. It is up $1.49 or 2.24% at $67
- Bitcoin is trading higher by $89.50 at $6925.50. The low to high range narrow at $176.
