As London/European traders head for the exits, the major European stock indices are closing mostly lower.
France’s CAC 40 and Spain’s Ibex led the declines, while Italy’s FTSE MIB managed to finish virtually unchanged
The closing levels show: German DAX: -0.27% at 26,369.65 France CAC 40: -0.66% at 8,579.61 UK FTSE 100: -0.28% at 10,720.31 Spain’s Ibex: -0.73% at 20,010.30 Italy’s FTSE MIB: +0.01% at 53,586.98 In the European debt market, benchmark 10-year yields moved higher across the board. Italy saw the largest move among the major markets, with its 10-year yield rising 3.3 basis points. Germany: 3.222%, +1.0 bp France: 4.067%, +1.5 bps UK: 5.064%, +1.8 bps Spain: 3.666%, +0.8 bp Italy: 4.028%, +3.3 bps In the forex market, the U.S. dollar is mostly lower against the major currencies.
The Australian (+0.37%), Swiss frand (+0.36%) and New Zealand (+0.25%) dollars are the strongest performers but each are well off the day’s extremes. The JPY is the only currency that is lower vs the USD with a modest decline of 0.06% on the day. A snapshot of the change in the major currency pairs shows: EURUSD: +0.10% at 1.1581 USDJPY: +0.06% at 159.39 GBPUSD: +0.15% at 1.3550 USDCHF: -0.36% at 0.8102 USDCAD: -0.02% at 1.3871 AUDUSD: +0.37% at 0.7107 NZDUSD: +0.25% at 0.5904 As European traders head home, U.S. stocks are mixed.