European stocks end the session higher. Ten-year yields in Europe little changed (mostly)
A snapshot of the markets as the European major indices close for the day are showing:
- Germany's DAX higher by 0.5%
- France's CAC higher by 0.6%
- UK's FTSE higher by 0.2%
- Spain's Ibex lower by 0.2%
- Italy's FTSE MIB higher by 0.22%
- Portugal's PSI 20 higher by 0.21%
In the 10 year note sector today, yields are mostly little changed:
- Germany 0.374%, unchanged
- France 0.728%, unchanged
- UK 1.306%, up 2 basis points
- Spain 1.539%, down -1 basis point
- Italy 1.838%, unchanged
- Portugal 1.984%, -1.4 basis points
- Greece 5.2%, +10 basis points
In other related markets:
- Spot gold is up at two dollars or 0.16% at $1280
- WTI crude oil futures are up six cents at $55.39
- US treasury yields are higher. Two-year 1.708%, +2.4 basis points. Five-year 2.06%, +2.8 basis points. 10 year 2.347%, 2.5 basis points. 30 year 2.789%, +2.4 basis points
- US stocks are higher: S&P index up 17.88 points or +0.7%. NASDAQ is up 78 points or 1.16%. Dow is up 175 points or 0.75%
In the foreign-exchange market a snapshot of the winners and losers shows the CAD has taken over as the strongest currency in the North American session. Oil prices have moved back higher after being lower earlier, and manufacturing sales came in much better than expected +0.5% versus -0.5% estimate. The CHF is the weakest, Losing the most against the CAD and the GBP. The EURCHF is also pushing toward the highs for the year at 1.1708. The high today reached 1.16954 so far.
The USD Is mixed with gains against the CHF, NZD and EUR, losses against the GBP and CAD. The greenback is little change versus the JPY and the AUD. The USDJPY rose in the London morning session but stalled the rally just ahead of the 100 hour MA (blue line in the chart below). The USDJPY is lower despite gains in rates in the US today (admittedly, the rates are still below highs from earlier in the week and last week) and surging stocks....HMMMMM.
