European indices end the session lower

Technical Analysis

Mixed results for the week

The major European indices are ending the session lower. For the week, the results are mixed:

  • German Dax, -0.9%
  • France’s CAC, -0.8%
  • UK’s FTSE 100, -0.9%
  • Spain’s Ibex, -1.2%
  • Italy’s 50 MIB, -0.65%

For the week, the provisional closes are showing:

  • German Dax, +0.8%
  • France’s CAC, -0.55%
  • UK’s FTSE 100, -0.6%
  • Spain’s Ibex, -1.48%
  • Italy’s footsie MIB, +0.37%

As London/European traders look to exit, the NZD is the strongest and the GBP is the weakest. The USD has moved off earlier highs as stocks rebound. 

In other markets, 

  • Spot gold is up $4.13 or 0.24% at $1740.53
  • Spot silver is up $0.13 or 0.52% $26.20
  • WTI crude oil futures are rebounding after yesterday’s sharp fall. The it will contract is currently up $1.15 or 1.92% at $61.15. The they contract is up $1.11 or 1.5% $61.18
  • The price of bitcoin is currently up $1547 or 2.69% of $59,038. The high price reached $59,249. The low was at $56,260. 

In the debt market, the European benchmark 10 year yields are lower on the day. 

European yields are lower

IN the US that market, the five year yield is lower by 0.4 basis points. The 10 year yield is currently up 0.6 basis points. 

US yields are marginally lower/higher

Invest in yourself. See our forex education hub.

Articles You May Like

ECB’s de Guindos: Likely that we will see negative growth rates in Q4 2022
Gold gains Rs 30; silver climbs Rs 856
Gold rate today: Yellow metal edges marginally higher; silver holds Rs 62,000
The forex week ahead. A look a the risk and bias defining levels for week starting Nov 28
Russia intends to launch a ‘national crypto exchange’