Major European indices close the day higher

The major European indices have gotten off to a modest positive start in the shortened holiday week of trading. Most of the indices were closed yesterday and also on Monday.

Snapshot of the closing levels shows:

  • German DAX, +0.21%
  • France CAC, +0.04%
  • UK FTSE 100 +0.36%
  • Spain’s Ibex +0.10%
  • Italy’s FTSE MIB +0.12%

As European traders look to exit, US indices are modestly higher:

  • Dow Industrial Average up 65.32 points or 0.17% at 37610.54
  • S&P index is up 1.04 points or 0.02% at 4775.67
  • Nasdaq index is up 1.80 points or 0.01% at 15076.22

US yields are trading lower.

  • 2-year yield 4.262%, -2.7 basis points
  • 5-year yield 3.819% -5.4 basis points
  • 10-year yield 3.818% -6.7 basis points
  • 30-year yield 3.973% -7.0 basis points

In the forex market, the CHF is the strongest of the major currencies. The USD and CAD are leading the way to the downside.

This article was written by Greg Michalowski at Source