German DAX lower.
The major European indices are ending the day with mixed results to start the trading week. The German DAX and UK FTSE are lower on the day. The other indices are marginally higher.
A snapshot of the provisional closes are showing:
- German DAX , -0.4%
- France's CAC, -0.1%
- UK FTSE 100, -0.6%
- Spain's Ibex, +0.23%
- Italy's FTSE MIB, unchanged
- Portugal PSI 20, -0.23%
In the European debt market, the benchmark 10 year yields are ending with mixed results. UK and German yields are down marginally while the other major countries are showing gains. Investors are shunning Italian 10 year debt with a rise of 6.5 basis points on the day.
In the forex market as London/European traders look to exit, the US dollar still remains weaker but has risen a bit from the start of the New York session. The JPY it is now the weakest. The CHF and GBP are tied for the strongest of the majors.
In other markets:
- spot gold is trading up $7.10 from +0.39% $1906.57
- spot silver is trading up $0.39 or 1.65% $24.56
- WTI crude oil futures for November delivery is trading up $0.17 or 0.42% of $41.05. The December contract is up $0.14 or 0.34% at $41.26
in the US stock market, the major indices are lower after giving up earlier gains:
- S&P index -12.8 points or -0.37% at 3471
- NASDAQ index -21 points or -0.18% 11650
- Dow industrial average -85 points or -0.3% at 28522
US yields are higher with a steeper yield curve:
- 2 year 0.145%, +0.2 basis points
- 5 year 0.329%, +0.8 basis points
- 10 year 0.764%, +1.8 basis points
- 30 year 1.554%, +2.5 basis points
