European stocks end mixed. Italy, Spain is leading the way this week

The German DAX is slightly breaking its 4-day win streak. Italy and Spain have risen for 5 consecutive days

European stocks ended the session with mixed results. Italy and Spain led the way today and this week. Each of their indexes rose every day this week.

A look at the preliminary closing shows:

  • German DAX, -0.06%. That’s the first drop this week
  • France’s CAC, + 0.82%
  • UK FTSE 100, -0.12%
  • Spanish ibex, + 1.0%
  • Italian FTSE MIB, + 0.7%

For the week preliminary closing shows:

  • German DAX, + 4.6%
  • France’s CAC, + 4.6%
  • UK FTSE 100, + 1.4%
  • Spanish ibex, + 5.7%
  • Italian FTSE MIB, + 7%

In other markets as European traders prepare to leave for the weekend shows:

  • spot gold is recovering today up $ 16.14 or 0.90% to $ 1810.24. The contract is just off the high price of $ 1811.38. The low price went up to $ 1792.19.
  • Spot Silver is trading up $ 0.53 or 2.0% at $ 26.88. The high price reached $ 26.93. The low price has been extended to $ 26.20
  • WTI crude oil futures trade at $ 0.66 or 1.17% at $ 56.90. The steep price has reached $ 57.29. The low price has expanded to $ 56.43
  • Bitcoin is trading up $ 220 or 0.58% at $ 37,892

In forex, the AUD remains the strongest of the major currencies, while the USD has taken over as the weakest of the majors. At the start of the session in New York, the US dollar was mixed to modestly lower with gains against the JPY and NZD. That trend has been reversed thanks to the weaker employment report.

The US dollar is now the weakest currency

In the US debt market, returns are below the day’s highest, but still higher in the 10- and 30-year sector:

Interest rates in the US remain modestly higher, but below the highest levels

European 10-year benchmark returns are typically higher, with the UK leading the way at +5.0 basis points. German and French interest rates remain comfortably below 0.0%, which should remain upward in the EURUSD limited (everything remains the same). Today’s employment report, however, is pushing the EURUSD higher after falling below its 100-day moving average for the first time since early November during the Asian session.

European yields are usually higher

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Categorized as Forex

By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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