European stocks opened the week with gains. Italy and Germany lead the way.

The major European indices are closing with gains to start the new trading week. The German and Italian indices led the way:

• German DAX, +0.95%
• France CAC, +0.49%
• UK FTSE 100 hundred, Closed for holiday
• Spain’s Ibex, +0.58%
• Italy’s FTSE MIB, +1.06%

in the European debt market, 10 year yields are lower:

• German, 2.47%, -2.4 basis points
• France 2.977%, -2.0 basis points
• Spain 3.25%, -0.2 basis points
• Italy 3.802%, -0.1 basis points.

As European traders head for the exits, the broader US stock indices are trading to/near session highs:

• Dow Industrial Average average is up 56.02.00.15 percent at 38733
• S&P index is up 31 points or 0.62% or 5158.80
• NASDAQ index is up 122.00.75 percent at 16277.47

The small-cap Russell 2000 is up 26.18 points or 1.29% at 2061.88.

US yields are modestly higher:

• 2-year yield 4.813%, +0.8 basis points
• 5-year yield 4.486%, +0.5 basis points
• 10 year yield 4.501%, +0.2 basis points
• 30-year yield 4.62%, +0.1 basis points.

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