Published On: Tue, Apr 17th, 2018

European stocks end with solid gains today.


German Dax up big despite weak ZEW economic sentiment index today

The German ZEW economic sentiment index came in weaker than expectations, but that did not stop the German Dax from having a strong gain in trading today. It rose 1.64% and led the charge in the European indices today.

  • German DAX rose 1.64%
  • France’s CAC rose 0.92%
  • UK’s FTSE rose 0.54%
  • Spain’s Ibex rose 0.54%
  • Italy’s FTSE MIB rose 1.37%
  • Portugal’s PSI 20 rose 0.25%

In the 10 year debt sector yields were mostly lower:

  • Germany 0.51%, -1.5 basis points
  • France 0.73%, -2.2 basis points
  • UK 1.44%, -2.3 basis points
  • Spain 1.223%, -2.2 basis points
  • Italy 1.760%, -4.2 basis points
  • Portugal 1.620%, -2.9 basis points

A snapshot of other markets as European traders look to exit shows:

  • Spot gold down $2 or -0.14% at $1344
  •  WTI crude oil futures down $.11 or -0.15% at $66.12
  • Bitcoin on Coinbase is trading up $110 at $8097
  • The S&P index is up 27.45 points or 1.03% at 2705.36. The 100 day moving averages at 2700.47 today.
  • The NASDAQ composite index is up hundred and 13.92 points or 1.59% at 7270.46.
  • The Dow industrial average is trading up 253 points or 1.03% at 24826.53.  It’s 100 day MA is at 24811.

Closes above the 100 day MA would be more bullish technically.



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