The main European indices close the day mostly higher. The exception is the Spanish Ibex. The French CAC has performed with a gain of over 2%.
A picture of the closing stages shows:
- German DAX +0.29%
- French CAC +2.14%
- UK FTSE 100 +1.09%
- Ibex in Spain -0.49%
As London/European traders look towards the exit, US stocks are trading lower. The NASDAQ index is the worst performer with a decline of almost -0.40%. A picture of the current market shows:
- Dow industrial average -19.0 points or -0.05% at 43200.
- S&P index -2.73 points or -0.04% at 5947.90.
- NASDAQ index -78.62 points or -0.40% 19434
Looking at other markets:
- Crude oil is trading down $-2.93 or -3.66% at $77.12. The high price went up to $80.56. The price is currently trading near the low for the day at $76.96.
- Spot Gold is trading up $24.05 or 0.90% at 2719.90.
- Silver is trading up $0.19 or 0.62% at $30.84
- Bitcoin is trading above and below the $100,000 level. It is currently trading at $99,307 which is down $1200 or -1.20%. The low price reached $97,319 and the high price extended to $100,860.
In the US debt market, the yield is lower:
- 2 year yield 4.234%, -3.0 basis points
- 5 year yield 4.401%, -4.3 basis points.
- 10 year yield 4.608%, -4.5 basis points. Earlier this week the yield reached a high of 4.809%.
- 30 year yield 4.844%, -3.4 basis points
The EURUSD is extending above its 200-hourly moving average at 1.0301 and trading to new session highs as European traders exit. The highest price reached 1.03109. Support held near its 100-hourly moving average at 1.0265. Staying above the 200 hour moving average (and the 1.0300 level) would be the best case scenario for buyers on a break of the 200 hour moving average.
