Major European indices close higher

  


Good start to the trading week

The major European indices are closing higher as they were boosted by hopes for a faster and to the Covid crisis:

  • German DAX, +0.5%
  • France’s CAC, +1.7%
  • UK’s FTSE 100, +1.7%
  • Spain’s Ibex, +2.6%
  • Italy’s FTSE MIB, +2.1%

In the European debt market, the benchmark 10 year yields are ending mixed, with a tilt to the downside. The UK 10 year yield is the only one up at 0.7 basis points. The German yield is unchanged at -0.547%.

Good start to the trading week_

In other markets as European/London traders look to exit:

  • Spot gold is trading up $5.90 or 0.32% at $1895.08. That is $30 off the low for the day at $1865.30. The high price stalled just ahead of the $1900 level at $1899.15.
  • Spot silver is up $0.11 or 0.45% at $24.78
  • WTI crude oil futures are also higher by $1.35 or 3.36% $41.48

In the forex market, the US dollar is little changed vs. the EUR, GBP, JPY and CHF but lower vs. CAD, AUD and NZD.  

Forex

In the US stock market:

  • S&P index is up 37.39 points or 1.04% at 3622.61
  • NASDAQ index is up 74.5 points or 0.64% at 11903.70
  • Dow is up 433 points or 1.47% at 29913.32

In the US debt market, yields are all trading near unchanged:

  • 2 year 0.179%, unchanged
  • 10 year 0.897%, +0.1 basis points
  • 30 year 1.650%, +0.3 basis points

For bank trade ideas, check out eFX Plus



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