German DAX jumps 5.6%
major European indices took an upward boost with help late in the day from the reconstruction plan proposed by Franco-German.
The figures show:
- German DAX, + 5.67%
- CAC France, + 5.25%
- British FTSE, + 4.3%
- Spanish ibex, + 4.5%
- FTSE MIB in Italy + 3.32%
- PSI Portuguese 20 + 4.4%
All the indices are approaching the daily highs.
On the European debt market, yields were mixed, with investors avoiding the safest countries, namely Germany, France, the United Kingdom and paid money in the riskiest countries (risk on), led by Italy with a drop of -19 basis points.
In other markets while London / European traders are looking to exit:
- spot gold has fallen sharply and is currently trading down $ 9.10 or -0.52% to $ 1,734.50
- WTI crude oil futures contract sharply up with July contract up $ 3 or 10.09% to $ 32.44
In the forex market, the US dollar fell sharply during the morning session in New York. The JPY remains the weakest of the majors while the JPY pairs soar on the risk on the sentiment. The NZD and AUD continue their ascent and are the strongest of the majors. The NZDJPY is up almost 2% on the day and is the biggest driver of the day.