The major European indices have bounced back in trading today with all the indices higher. A snapshot of the closing levels shows:
- German DAX, +0.68%
- France CAC +1.22%
- UK FTSE 100 +1.21%
- Spain’s Ibex +0.18%
- Italy’s FTSE MIB +0.12%
For the trading week, most of the indices were higher with the exception of Italy’s FTSE MIB
- German DAX +1.38%
- France CAC, -0.22%
- UK FTSE 100, +1.59%
- Spain’s Ibex, +0.71%
- Italy’s FTSE MIB, -1.09%
In the European debt market yields move lower today, Looking at the benchmark 10 year yields:
- Germany, -3.0 basis points at 2.403%. For the trading week, yields fell -6.3 basis here.
- France, -2.5 basis points at 3.11%. For the trading week, yields fell -1.9 basis points
- UK -3.7 basis points at 4.11%. For the trading week, yields fell 3.0 basis points.
- Spain -4.0 basis points at 3.232%. For the trading week, yields fell -2.8 basis points.
- Italy, -2.3 basis points at 3.762%. For the trading week, yields fell -2.4 basis points
This article was written by Greg Michalowski at www.forexlive.com.
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