Titles:
Markets:
- Euro advances, US dollar lags during the day
- European stocks rise; S&P 500 futures rise 0.1%
- US 10-year bond yields rose 0.8 basis points to 4.265%.
- Gold rose 0.2% to $2,325.58
- West Texas Intermediate crude rose 0.3% to $80.97
- Bitcoin fell 4.9% to $61,023
It’s been a quiet session as markets slowly decline in the last trading week of June.
There is not much on the agenda today, which explains the lack of major headlines in European morning trade. German Ifo business climate missed estimates but matched last week’s faltering Purchasing Managers’ Index (PMI) data.
But that did not affect the euro much, as the single currency rose alongside regional stocks. EUR/USD is seeing a rise from 1.0700 to 1.0730, with European stocks also modestly higher across the board.
The first round of the French elections is coming later this weekend, so be on the lookout for that.
Looking at other major currencies, the yen was also a bit nervous earlier amid some profit-taking. The USD/JPY pair fell from 159.60 in a rapid decline to 158.75 before falling around 159.50 currently.
The dollar itself has become a bit softer but has not changed much against the rest of the major currencies.
Elsewhere, Bitcoin is a notable mover as it was pulled back to $61,000 with earlier lows reaching $60,605.