European indices end the session with mixed results

european indices end the session with mixed results

Spain’s Ibex bucks the negative trend

The major European indices are ending the session with mixed results. Spain’s Ibex buck the trend with solid gains. France’s CAC and UK FTSE 100 is near unchanged. The German DAX is lower. 

The snapshot of the provisional closes are showing:

German DAX, -0.7%
France’s CAC, +0.1%
UK’s FTSE 100, +0.1%
Spain’s Ibex, +1.5%
Italy’s FTSE MIB, -0.5%

In the benchmark 10 year note sector, yields are higher across the board with the Italian yields up the most at 4.4 basis points. German yields are up the least at 2.2 basis points.  France’s 10 year yield got closer to the 0.0% level. It’s high yield reached -0.030%.

In other markets, US yields remain mixed with modest changes. The 5 year yield is down -2.4 basis points while the 30 year yield is up 1.1 basis points. The 2 – 10 year spread has narrowed modestly to 124.46 basis points from 125.44 basis points at the close yesterday.

A snapshot of the US market, shows the NASDAQ index continues to be the weakest. The Dow industrial average is down but only modestly on a relative basis.  Major indices are also well off there low levels especially the NASDAQ index:

S&P index -21.57 points or -0…

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