The main European indices closed mixed. German taxes down -0.32% in the aftermath of 3 strong days took the index to new all-time highs last week. France’s CAC is also lower. UK FTSE 100 higher.
A snapshot of the final numbers shows:
- German DAX -51.39 points or -0.32% to 16223.98
- CAC of France -13.80 points or -0.18% to 7478.17
- UK FTSE 100 +14.12 points or 0.18% to 7771.00
- Spanish Ibex up 53.5 points or 0.58% at 9305.01
- Italian FTSE MIB -209.63 points or -0.76% to 27310.70
A look at the markets as London/European traders look to exit issues:
- Crude Oil up $0.30 or 0.42% at $71.99
- Spot Gold is down $4 or -0.21% at $1973.25
- Spot Silver is down $0.17 or -0.7% at $23.68
- Bitcoin is trading at $26,877. It is low reached $26,547. Its high extended to $27,078.
On the US stock market:
- Dow is down -0.23%
- The S&P is up 0.15%
- The Nasdaq is up 0.53%
In the United States, the debt market shows higher yields:
- 2 years 4.343%, up 5.4 bps
- 10-year 3.728%, up 3.4 basis points
- 30-year 3.871%, up 2.3 basis points
In forex, the NZD is the strongest of the majors. The JPY is the weakest.
USDJPY hit a daily high of 138.68. Last week’s high price reached 138.74. Moving above would have traders looking towards 139.00. Above that and the 50% midpoint of the range from the 2022 high sits at 139.574 (see video below)
This article was written by Greg Michalowski at www.forexlive.com.
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