The major European indices are closing the day mostly lower. The best performer was the German DAX which closed unchanged. France’s CAC fell -1.36% after its prime minister resigned and continued trouble looms from a debt standpoint in the country.
A snapshot of the closing levels shows
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STOXX 50: 5,633.90 (-0.32%)
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DAX (Germany 40): 24,378.30 (0.00%)
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CAC 40 (France): 7,971.79 (-1.36%)
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FTSE 100 (UK): 9,479.15 (-0.13%)
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IBEX 35 (Spain): 15,556.71 (-0.18%)
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FTSE MIB (Italy): 43,146.12 (-0.26%) .
As London/European traders head for the exits, US indices are mixed with the Dow industrial average lower but the broader S&P and NASDAQ indices are higher. The gains are led by the NASDAQ index help by shares of AMD which have surged 28.65% after announcing a partnership with open AI.
Nvidia shares are marginally lower but off their low levels (-0.48%).
Microsoft shares are up 1.40%. Alphabet is up 1.01%. Palantir shares are up 3.56% and rebounding nicely after concerns about a security bug last week were quickly forgotten (and repaired). Tesla shares are surging by 3.81% as they teased a new model.
In the US debt market, yields remain higher:
- 2-year yield 3.592%, +2.0 basis points
- 5 year yield 3.739%, +3.1 basis points
- 10 year yield 4.155%, +2.7 basis points
- 30 year yield 4.751%, +3 point basis points
Crude oil is higher after OPEC+ announced a production increase that was less than some estimates. The current price is trading up $0.93 and $61.84.
Gold is up $65.98 or 1.71% at $3951.50. The high price reached $3970.06 just $30 short of the magical 4K level
Silver is up $0.40 or 0.94% at $48.37. Its all-time high prices at $49.83. The high price today reached $48.76.
Bitcoin is trading just shy of 4125,000 at $124,979. The high price today reached $125,469.
