The major European indices are closing higher for the 5th consecutive day. The gains today were led by the German DAX:
- German DAX rose 0.74%
- Frances CAC rose 0.50%
- UK’s FTSE 100 rose 0.33%
- Spain’s Ibex rose 0.26%
- Italy’s FTSE MIB (delayed) rose 0.78%
Benchmark 10 year yields were sharply lower in Europe:
- Germany -9.1 basis points
- France -9.2 basis points
- UK -8.7 basis points
- Spain -10.3 basis points
- Italy -10.4 basis points
As European traders look to exit,, the NASDAQ index is extended to new session highs. The S&P and the Dow Industrial Average lag. The Dow is now up only 0.10%:
- Dow industrial average is up 35.37 points or 0.10% at 34384. The Dow Industrial Average was up 134.82 points at its high
- S&P index is up 24 points or 0.54% at 4496.10. The S&P was up 26.89 points at its high
- NASDAQ index is up 149 points or 1.07% at 14067.53. The NASDAQ was up 154.54 points at its high.
In the US debt market, yields are lower for the 2nd consecutive day. The U.S. Treasury will auction off 30-year bonds at 1 PM ET completing its coupon auctions for the week:
- 2-year yield 4.649%, -9.3 basis points
- 5-year yield 3.983%, -8.6 basis points
- 10-year yield 3.794%, -6.6 basis points
- 30-year yield 3.919%, -3.2 basis points
The AUD and NZD are the strongest, while the USD is the weakest.
For a look at the longer term daily charts – the key levels in play/being broken today – CLICK HERE.
The USD is the weakest of the major currencies