European indices close lower as yields rise. Markets are terrified as a result of the election results, which have shifted further to the right.
In the standard 10-year sector:
- Germany 2.676%, +5.2 basis points
- France 3.239%, +13.4 basis points
- UK 4.329%, +7.5 basis points
- Spain 3.493%, +9.6 basis points
- Italy 4.08%, 13.6 basis points
A look at the main indices in Europe:
- German DAX -0.37%
- France CAC, -1.35%
- UK FTSE 100 Index -0.21%
- Spanish Ibex, -0.42%
- Italian FTSE MIB, -0.34%
As London/European traders head for the exits, broader US indicators look positive. The S&P traded above its all-time closing high, but pulled back slightly:
- The Dow Jones Industrial Average rose -42 points, or -0.11%, to 38,755.00
- The S&P index rose 5.15 points, or 0.10%, to 5,351.90.
- The Nasdaq index rose 47.05 points, or 0.27%, to 17,180.50 points.
Small-cap Russell 2000 stocks are trading down -2.41 points, or -0.12%, at 2024.13.
Apple shares fell by -$1.61, or -0.82%, to 195.29%.
In the US debt market, yields are higher:
- The two-year return is 4,874. +0.4 basis points
- 5-year yield 4.473%, +2.1 basis points
- 10-year 4.461%, +3.3 basis points
- 30 years 4.592%, +4.5 basis points.
In other markets:
- The price of crude oil rose $1.73, or 2.28%, to $77.26.
- Gold is trading higher by $12.73, or 0.56%, at $2,306.30.
- Silver is trading up $0.52, or 1.81%, at $29.67.
- Bitcoin is trading back above 70,000 at $70,116
- Ethereum is trading at $3,700, up from a low of $3,644.60. The high price reached $3,721.30