Major European indices are closing higher on the day and for the week as well:
- German DAX, +0.13%. For the week 1.72%
- France’s CAC, unchanged. For the week +0.63%
- UK’s FTSE 100 +0.70%. For the week +3.11%.
- Spain’s Ibex, +0.44%. For the week +1.67%.
- Italy’s FTSE MIB +0.25%. For the week +1.74%
As London/European traders head for the exits with smiles on their faces, US indices are also moving higher today and or higher for the week. All are on pace for record closes.
- Dow industrial average was 556 point or 1.19% at 47291.. The index is up 2.18% for the week.
- S&P index up 64 points or 0.94% at 6802.50. The index is up 2.08% for the week.
- NASDAQ index up 280 points or 1.22% at 23222.15. That is up 2.39% for the week
With yields are now modestly higher on the day after opening the North American session higher, moving lower after the CPI and bouncing back off of the lows.
- 2-year yield 3.4799%, +0.2 basis points
- 5 year yield 3.600%, +0.3 basis points
- 10 year yield 3.994%, +0.6 basis points
- 30 year yield 4.583%, +1.2 basis points.
