Not a good week eitherAs London/European traders look to exit for the day/weekend, it was another dud of a day for the major European equity indices.
- German DAX fell -2.2%
- France’s CAC fell -2.4%
- UK’s FTSE fell -1.3%
- Spain’s Ibex felt -2.2%
- Italy’s FTSE MIB fell -2.39%
- Portugal’s PSI 20 fell -0.81%
For the week,the indices were also lower:
- German DAX, fell -4.53%
- France’s CAC fell -3.5%
- UK’s FTSE, fell -2.5%
- Spain’s Ibex fell -3.1%
- Italy’s FTSE MIB fell -3.5%
- Portugal’s PSI 20, fell -2.5%
In the European debt market today ten-year yields are unchanged to higher:
- Germany 0.648%, unchanged
- France 0.918%, +1.0 basis points
- UK 1.465%, unchanged
- Spain 1.549%, +4.2 basis points
- Italy 1.962%, +1.5 basis points
- Portugal 1.986%, +3.9 basis points
In other markets as London/European traders exit:
- Spot gold is up $4.30 or 0.33% at $1321
- WTI crude oil futures aren’t up $.19 or 0.30% at $61.17
- The price of bitcoin is down -$118 to $10,800. The low reached $10,748 and the high extended to $11,149
The US stocks are seeing the Nasdaq recover all the declines.
- The Nasdaq trades down one point or -0.02% at 7179.
- The S&P index is still down -8.5 points or -0.32% at 2669
- The Dow industrial average is still down -246 points or -1.0% at 24364
The USD has recovered a little with the recovery in the stocks. At the extremes, the JPY remains the strongest and the CAD is now the weakest.