European major indices close today with solid gains German Dax has best day since Jan 4

The major European indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Read this Term are closing higher on the day despite 50 basis point Basis point A basis point is a unit of measurement used to express the change in value of a financial instrument, such as a bond or a loan. One basis point is equal to 0.01%, or one one-hundredth of a percentage point. For example, if the interest rate on a bond increases from 5% to 5.25%, that is an increase of 25 basis points. It is often used in the context of interest rates, yield, and credit spreads. The short-hand for a basis point is bps and on a trading floor you will hear them referred to as ' A basis point is a unit of measurement used to express the change in value of a financial instrument, such as a bond or a loan. One basis point is equal to 0.01%, or one one-hundredth of a percentage point. For example, if the interest rate on a bond increases from 5% to 5.25%, that is an increase of 25 basis points. It is often used in the context of interest rates, yield, and credit spreads. The short-hand for a basis point is bps and on a trading floor you will hear them referred to as ' Read this Term rate hikes by the ECB and BOE.

The closing levels are showing:

• German DAX, +328.45 points or 2.16%
• France's CAC +89.16 points or 1.26%
• UK's FTSE 100 +59.03 points or 0.76%
• Spain's Ibex +132 points or +1.45%
• Italy's FTSE MIB +400 points or 1.50%

For the German DAX it was the largest one-day gain since January 4 when the index rose 2.18% prior to that you have to go back to November 10. The price traded to the highest level since mid February 2022.

In the European debt market, 10 year yield tumbled to the downside:

• German 10 year 2.069%, -18.7 basis points
• France 10 year 2.512%, -23.5 basis points
• UK 10 year 3.013%, -28.2 basis points
• Spain 10 year 3.043%, -29.0 basis points
• Italy 10 year 3.888%, -38.1 basis point