December 8, 2022

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European shares in the day higher. German Dax closes at record high

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France’s CAC close that highest level since 2000

The German DAX is closing up about 1% and in doing so is closing at a new all-time high.  The France’s CAC is also closing higher and at the highest level since August 2000. Below is a look at the daily chart of the German Dax. 

A look at the provisional closes shows:

  • German DAX, +1.0%
  • France’s CAC, +0.7%
  • UK’s FTSE 100, +0.9%
  • Spain’s Ibex, +0.6%
  • Italy’s FTSE MIB, +0.7%

In the European debt market, the benchmark 10 year yields are closing mostly higher with the UK yield up 3.3 basis points.

European yields are mostly higher

In other markets as Europe/London traders look to exit for the day:

  • Spot gold is trading down seven dollars or -0.37% at $1899.70.
  • Spot silver is trading unchanged at $28.03
  • WTI crude oil futures are up $1.49 or 2.23% at $67.81. The high price extended to $68.87. That was the highest level since October 2018.

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