London/Europe exiting
London/Europe is exiting for the day. What have the markets said:
Stocks: The European major indices are ending with higher results led by the German Dax (up 1.83%). The UK was the laggard (at 0.06%). The gains were helped by the EU/US trade tariff truce and cooperation announced after the European close yesterday. The indices also closed near highs BTW.
In the US, the indices remain mixed with the S&P and the Nasdaq lower (led by Facebook plunge). The Dow is up.
Bonds: In the 10 year debt market in Europe, yields are ending mostly higher. Below is the yields, changes, high and low yields for the major countries.
In the US debt market, the 2 year is higher, the 10 and 30 year are lower. The yield curve flattens. The 2-10 is at 29 pips currently.
Gold and Oil: Gold down. Oil is up.
- Gold is down -$5.00 or -0.41% at $1226. The high reached $1235.27. The low reached $1225.75
- WTI Crude oil is up $.44 or 0.63% at $69.74
Forex: The USD is king.
In the Forex market, the USD is now the strongest of the major currency pairs as dollar buying dominated in the US morning session. The AUD is the weakest on more risk off flows (or so it seems).
The ranges were extended in the US morning session. The USD is near high levels for most of the pairs, as well, in the snapshot.
