The major European indices are rebounding higher today with all the indices closing in positive territory:
- German DAX, +0.89%
- France CAC, +0.87%
- UK FTSE 100, +0.29%
- Spain’s Ibex +0.59%
- Italy’s FTSE MIB, +0.68%
The gains are being helped by broader US indices trading higher and at new record levels:
- S&P index is up 39.64 points or 0.75% at 5331.15
- NASDAQ index is up 233.72 points or 1.39% at 17091.22
The Dow Industrial Average average is lagging and still below its high close at 40003. It currently trades up 47.64 points or 0.12% at 38759
The small-cap Russell 2000 is higher today after a sharp fall yesterday. The index is up 21.74 points or 1.07% at 2055.65.
US yields are back in negative territory after bouncing higher after the stronger ISM services data:
- 2 year yield 4.736%, -3.3 basis points
- 5-year yield 4.308%, -4.4 basis points
- 10 year yield 4.289%, -4.7 basis points
- 30-year yield 4.433%, -5.1 basis points.
In Europe, benchmark 10 year yields are lower:
- Germany 2.5% -4.2 basis points
- France 2.989%, -4.1 basis points
- UK 4.179%, unchanged
- Spain 3.23%, -5.3 basis points
- Italy 3.813%, -3.1 basis points
This article was written by Greg Michalowski at www.forexlive.com.
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