Germany’s Dax fails to reach record close despite new intraday record
The German DAX ended the day up 0.2%. However, that’s a far cry from the record close of 14109.48. The index however hit a new all-time high intraday price of 14,197.49. This exceeded the old February 8 high of 14169.49.
A look at temporary fencing in Europe shows mixed results:
- German DAX, + 0.2%
- CAC of France, + 0.3%
- UK FTSE 100 0.8%
- Ibex from Spain, -0.2%
- Italy FTSE MIB, -0.1%
in other markets as European / London traders seek to exit:
- spot gold rebounded from its lows which moved closer to the $ 1,700 level at $ 1,702.04. The precious metal is currently trading at $ 1,720.73 – $ 17.78 or -1.03%
- Cash is trading down $ 0.40 or -1.51% to $ 26.35. The low price hit $ 25.84. Prices raised to $ 26.82
- WTI crude oil futures are trading up $ 1.67 or 2.79%. Despite an increase of 21.563 million barrels, refineries have reopened after the harsh Arctic freeze.
- Bitcoin is up 7.95% or $ 3,774 to $ 51,223. The high price rose to $ 52,666. The low price was down to $ 47,373.29
In the US stock market, the Dow industrial average is outperforming while the NASDAQ index is again underperforming (but well below the lows of the day). Fears of a rate hike weigh on the valuations of the top thieves of the NASDAQ index. A snapshot currently shows
- S&P index -8.11 points or -0.21% 3862.11
- NASDAQ index -119 points or -0.89% its 13,238.35. The low price
- Dow industrial average up 114 points or 0.37% to 31,507
US interest rates remain higher across the board with a steeper yield curve. The 10-year yield is the most up at +8.8 basis points.
In the European debt market, benchmark 10-year yields are also significantly higher. France’s 10-year yield is approaching 0.0%. Today it has achieved a high return of -0.037%.