Technical Analysis

European share end with mixed results on the day

Yields are lower today

The European shares are ending the day higher on the day despite weaker Flash PMI data

  • German Dax, rose 0.5%
  • France’s CAC rose 0.25%
  • UKs FTSE fell -0.1%
  • Spain’s Ibex rose 0.6%
  • Italy’s FTSE MIB fell -0.2%

Benchmark 10 year note yields fell today:

  • Germany 0.024%, down -5.6 bps
  • France, 0.37%, down -5.5 bps
  • UK, 1.194%, -4.2 bps
  • Spain 1.067%, -3.9 bps
  • Italy 2.601%, -1.2 bps

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

  • Spot gold is little changed at $1274.21
  • WTI crude oil is  down -$0.11 at $63.65

US stocks are mixed. The Nasdaq has been mostly lower today but is recovering. The Dow stocks have been leading:

  • S&P, up 1.30 points or 0.05% at 2901.60
  • Nasdaq down -14 points at 7981.90
  • Dow +90 points at 26539.

The forex market has the JPY as the strongest and the NZD as the weakest. That was the leaders at the start of the day as well. The USD is also stronger.

ForexLive

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