European indices close mostly lower

The major European indices are closing mostly lower, but all of the intraday lows.

• German DAX closed down -76.40 points or -0.48%. The low price traded down -177.78 points
• Frances CAC closed down -64.95 points or -0.86%. The low price traded down -104.09 point
• UK's FTSE 100 closed down -38.51 or -0.49%. The low price traded down -68.21 points
• Spain Ibex closed up 3.40 points or 0.40%. The low price traded down -96.1 points
• Italy's FTSE closed down minus 166.89 or -0.61%.

As London/European traders look to exit for the day, the forex market shows the EUR is the strongest, and the AUD is the weakest. The USD is lower with small gains vs the NZD and AUD. Having said that, the EUR and GBP and CHF all reached new high extremes vs the USD (lower USD), but the dollar did snap back higher over the last two or so hours of trading.

US yields are also all over the place.

• 2 year yield moved to a low of 3.869% but is back at 3.949%
• 5 year yield moved to a low of 3.425% but is back up at 3.492%
• 10 year yield moved to 3.375%, but is back up at 3.433%
• 30 year yield moved to 3.63% but is back up to 3.676%

The US treasury will auction off 5 year notes at 1 PM today.

US indices are back in the black:

• Dow industrial average is trading up 2 points or 0.01% at 33531
• S&P index is up 12.51 points or 0.31% at 4084.22
• NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index is leading the way with a gain of 147 points or 1.25% at 11946

Microsoft is leading the way with a gain of $22.83 or 8.29% at $298.33. And video is also moving sharply higher. Its shares are up at $10 or 3.82% at $272.47.

Shares of First Republic Bank reached a all-time low of $4.76. It is currently trading at $6.73 down $1.37 or -16.7%.

Spot gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Read this Term is trading down $-4.68 -0.24% at $1992.

Crude oil is trading near unchanged at $77.01. It reached a low $75.64 which filled the gap down to $75.70 from the OPEC+ production cuts (March 31 high). Crude oil inventories showed a drawdown of -5.05M barrels which was the larger drawdown than the -1.486M estimate but not as bad as a private data which showed a drawdown -6.0M barrels. Gasoline stocks saw a drawdown of -2.4M vs -0.933M estimate