Major European indices are closing the session with gains across the board. The biggest leader was Spain’s Ibex with a gain of near 1%. UK’s FTSE 100 rebounded 0.55% after a small loss yesterday political anxiety.
A snapshot of the closing levels shows:
- German DAX rose 112.06 points or 0.47% at 23902.18
- France’s CAC rose 16.13 points or 0.21% at 7754.56
- UK’s FTSE 100 rose 48.51 points or 0.55% at 8823.21.
- Spain’s Ibex rose 138.31 points or 0.98% at 14182.90.
- Italy’s FTSE MIB rose 157.89 points or 0.40% at 39943.16.
As London/European traders look to exit for the day, US indices are trading to new highs and new record levels for the S&P and NASDAQ indices. The US stock indices will stop trading at 1 PM today. Markets will be closed tomorrow for 4 July holiday.
- Dow industrial average is up 334.36 points or 0.76% at 44820
- S&P index is up 52.28 points or 0.84% at 6279.60
- NASDAQ index is up 217.41 points or 1.07% at 20611.45.
- Russell 2000 is up 20.52 points or 0.92% at 2246.94..
US yields are higher after the US jobs report. The lower unemployment rate and nonfarm payroll gain is likely to keep the Fed on hold in July. The expectations for rate cuts between now and the end of the year also fell as a result of the report.:
- 2 year yield 3.865%, +7.6 basis points
- 5 year yield 3.918%, +4.8 basis points
- 10 year yield 4.322%, +2.9 basis points
- 30 year yield 4.838%, +1.5 basis points.
In other markets,:
- Crude oil is trading down -$0.42 at $66.61.
- Gold is trading down $30.73 or 0.91% at 3327.16.
- Silver is up $0.23 or 0.63% at $36.78.
- Bitcoin is up $577 or 0.53% at $109,453. The high price for bitcoin extended above $110,000 today to $110,557.
This article was written by Greg Michalowski at www.forexlive.com.