European indices close higher on the day

European major indices are closing higher on the day led by Spain’s Ibex. A look at the major indices near the close shows:

• German DAX, +0.49%
• France CAC, +0.18%
• UK FTSE 100 unchanged
• Spain’s Ibex +1.18%
• Italy’s FTSE MIB +0.16%

in the US market as London/European traders look to exit for the day:

• Dow industrial average up 0.60%
• S&P index up 0.35%
• NASDAQ index up 0.11%

The biggest gainer is the small-cap Russell 2000 which is surging by 1.4%.

US yields are lower ahead of the 7- year note auction at 1 PM ET:

• 2- year yield 4.562%, -3.5 basis points
• 5-year yield 4.187%, -3.8 basis points
• 10 year yield 4.198%, -3.6 basis points
• 30-year yield 4.365% -3.4 basis points

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