TECHNICAL ANALYSIS

European equities end with mixed results


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.

US yields are higher

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.

US yields are higher

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%.

The European Union is higher An overview of the forex market shows that the GBP is the strongest while the NZD is the weakest. The USD is generally higher but out of its highs for the session.
Stronger US dollar

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