European shares close higher despite weak data today | Forexlive

The major European indices are closing the day higher despite what was weak flash European PMI data for both manufacturing and service.

The final numbers are showing:

• German DAX +0.89%
• France’s CAC +0.58%
• UK’s FTSE 100 +1.38%
• Spain’s Ibex +0.39%
• Italy’s FTSE MIB +0.60%

For the trading week indices are mixed with France and Italy moving lower and Germany, UK, and Spain moving higher.

• German Dax +0.58%
• France’s CAC -0.20%
• UK’s FTSE 100 +2.46%
• Spain’s Ibex +0.1 don’t worry about them serving soaring new 8%
• Italy’s FTSE MIB -2.04%

Looking at the European yields, the benchmark 10 year yields moved lower on the weaker data:

• Germany 2.245%, -8.2 basis points
• France 3.046%, -6.7 basis points
• UK 4.392%, -4.0 basis points
• Spain 2.977%, -7.5 basis points
• Italy 3.508%, -5.1 basis points

for the trading week 10 year yields were lower

• Germany, -9.5 basis points
• France -2.7 basis points
• UK -6.8 basis points
• Spain -8.0 basis points
• Italy -3.9 basis points

As London/European traders head for the exits for the week, US stocks are higher:

• Dow industrial average +0.76%
• S&P index +0.26%
• NASDAQ index +0.05%
• Russell 2000+1.57%

In the US debt market, yields are mixed with the shorter end higher in the longer and lower:

• 2-year 4.362%, +1.3 basis points
• 5-year 4.289%, -1.4 basis points
• 10 year 4.402%, -3.0 basis points
• 30 year 4.584%, -3.6 basis points

A snapshot of other markets shows:

• Crude oil is $0.86 or +1.24% at $70.97
• Gold is up $36.78 or 1.3% at $2706.15. The price is moving closer to its all-time high closing level of $2787.42, after correcting toward the 100 day moving average and find support buyers back on November 14.