Major European shares close marginally higher

The major European indices are closing the day marginally higher. The gains were led by the France’s CAC, Spain’s Ibex and Italy’s FTSE MIB.

The final numbers show:

• German DAX, +0.07%
• France’s CAC +0.26%
• UK’s FTSE 100 +0.05%
• Spain’s Ibex +0.26%
• Italy’s FTSE MIB +0.25%

As London/European traders had for the exits, and the Fed rate decision is forthcoming, the major US indices are also marginally higher on the day:

• Dow industrial average +0.37%
• S&P index +0.21%
• NASDAQ index +0.19%
• Russell 2000+0.24%

A rising the Dow industrial average today would be the first after nine straight days of declines (largest string since 1978).

Looking at the US debt market, yields are mixed:

• 2-year 4.234%, -0.7 basis points
• 5-year yield 4.255%, +0.7 basis points
• 10 year yield 4.402%, +1.8 point basis points
• 30 year yield 4.600%, +2.1 basis points

This article was written by Greg Michalowski at www.forexlive.com.