European major indices are closing higher on the day led by Spain’s Ibex. A look at the major indices near the close shows:
German DAX, +0.49%France CAC, +0.18%UK FTSE 100 unchangedSpain’s Ibex +1.18%Italy’s FTSE MIB +0.16%
in the US market as London/European traders look to exit for the day:
Dow industrial average up 0.60%S&P index up 0.35%NASDAQ index up 0.11%
The biggest gainer is the small-cap Russell 2000 which is surging by 1.4%.
US yields are lower ahead of the 7- year note auction at 1 PM ET:
2- year yield 4.562%, -3.5 basis points5-year yield 4.187%, -3.8 basis points10 year yield 4.198%, -3.6 basis points30-year yield 4.365% -3.4 basis points
This article was written by Greg Michalowski at www.forexlive.com.