Major European indices are closing higher as investors hope for peace and lower impact from tariffs. Pres. Trump and Russians Putin will meet on Friday in Alaska. Today, Pres.Trump spoke with European leaders and Ukraine’s Zelenskiy setting out the plan for the meeting (and after the meeting). He rated the meeting a 10.
Looking at the closing levels:
- German DAX, +0.67%
- France’s CAC, +0.66%
- UK’s FTSE 100 +0.19%
- Spain’s Ibex +1.08%
- Italy’s FTSE MIB +0.60%.
The major US indices are trading mixed with the Dow industrial average higher, the NASDAQ index has moved marginally lower. The S&P is marginally higher. Both the S&P and the NASDAQ closed at record levels yesterday.
- Dow industrial average up 317 points or 0.71% at 44775
- S&P index up 4.56 points or 0.07% at 6450.42.
- NASDAQ index -1 point or -0.01% at 21680.
Looking at the US debt market, yields are lower:
- 2 year yield 3.680%, -5.0 basis points
- 5 year yield 3.763%, -5.9 basis points
- 10 year yield 4.230%, -6.2 basis points
- 30 year yield 4.821%, -6.4 basis points
