US stocks or near session highs.
The European shares are closing the day with solid gains. There is less trade worries today and short/hedges are being squeezed a bit.
The closes are showing:
- German DAX, +1.5%
- France's CAC, +0.5%
- UK's FTSE, +0.4%
- Spain's Ibex, +1.1%
- Italy's FTSE MIB, +1.7%
The US stock market is also positive today and near session highs as London/European traders look to exit:
- S&P index +44.14 points or 1.61% at 2788.60. The price moved back above its 200 day moving average at 2774. The 100 day moving average is currently at 2800.
- Nasdaq is up 150 points or 2.05% at 7483.40. It remains below its 200 day moving average at 7519.39.
- The Dow is up 427 points or 1.71% 25244.
In the European debt markets, the benchmark 10 year yields are ending mostly lower but off the lowest levels (UK yields moved higher today).
In the forex market, the AUD is now the strongest currency. The GBP was the strongest at the start of the day. The JPY is the weakest (on the back of higher stocks basically). For the USD, the sum of the % gains (EUR, JPY and CHF) and the % losers today (GBP, CAD, AUD and NZD) is equal to 0.0%. The dollar is perfectly mixed with some gains and some losses.
