Another dud of a day for the European major indices

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.  

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