The European stock indices are all closing the day lower. It is the 2nd consecutive down day for the major indices.
- German DAX, -0.37%
- France’s CAC, -0.82%
- UK’s FTSE 100 -0.78%
- Spain’s Ibex -0.91
- Italy’s FTSE MIB -1.03%
In the European debt market, UK 10 year yields moved sharply higher as investors shun the countries debt. The yield moved to a high of 4.243%. Just 2 days ago it was down at 3.735%.
UK benchmark yields have moved up around 50 bps in 2 days
Other benchmark 10 year yields were more behaved.
UK’s 10 year yield rises sharply
The USD and the JPY are the strongest of the major currencies as London/European traders exit for the day. The GBP is the weakest.
The strongest to weakest of the major currencies
