June 29, 2022

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Mixed close for European stocks to end the week

2 min read

Mixed results for the week

The European major indices are ending the week with mixed result today and also ending the week mixed.

The provisional closes are showing:

  • German DAX, flat
  • France’s CAC, -0.5%
  • UK’s FTSE 100, up 0.2%
  • Spain’s Ibex, unchanged
  • Italy’s FTSE MIB, -0.45%

for the week,:

  • German DAX -0.9%
  • France’s CAC, +0.26%
  • UK’s FTSE 100, +0.48%
  • Spain’s Ibex, +2.4%
  • Italy’s FTSE MIB, -0.9%

How did the indices end the month? The major indices are mostly higher with Italy’s FTSE MIB the one exception. 

  • German DAX up 1%
  • France’s CAC, +3.3%
  • UK’s FTSE 100, +3.8%
  • Spain’s Ibex, +2.8%
  • Italy’s FTSE MIB, -2%

A look at other markets as London/European traders look to exit for the week and month and month.

  • Spot gold is trading down $3.58 or -0.2% of $1768.71
  • SPot silver is down -16 censor -0.64% at $25.92
  • WTI crude oil futures is down $1.53 or 2.35% at $63.48
  • Bitcoin is trading up $3900 or 7.39% of $56,900.

In the US stock market, the major indices remain in the red:

  • S&P index -24.6 points or -0.58% of 4186.89
  • NASDAQ index -60 points or -0.43% at 14022.20
  • Dow -218 points or -0.64% at 33841.90

In the US debt market, yields are marginally lower:

The USD is mixed

In the European debt market today, the major indices were mostly lower as well:

European yields are lowerLooking at the German tenure yield, it’s traded to the its highest level since March 2020 today. The high yield reached -0.191% the November 2020 high was still negative at -1.49%. That is the next target. 
German tenure yield

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