European stocks rebound. Close higher on the day

The major European indices are rebounding higher today with all the indices closing in positive territory:

• German DAX, +0.89%
• France CAC, +0.87%
• UK FTSE 100, +0.29%
• Spain’s Ibex +0.59%
• Italy’s FTSE MIB, +0.68%

The gains are being helped by broader US indices trading higher and at new record levels:

• S&P index is up 39.64 points or 0.75% at 5331.15
• NASDAQ index is up 233.72 points or 1.39% at 17091.22

The Dow Industrial Average average is lagging and still below its high close at 40003. It currently trades up 47.64 points or 0.12% at 38759

The small-cap Russell 2000 is higher today after a sharp fall yesterday. The index is up 21.74 points or 1.07% at 2055.65.

US yields are back in negative territory after bouncing higher after the stronger ISM services data:

• 2 year yield 4.736%, -3.3 basis points
• 5-year yield 4.308%, -4.4 basis points
• 10 year yield 4.289%, -4.7 basis points
• 30-year yield 4.433%, -5.1 basis points.

In Europe, benchmark 10 year yields are lower:

• Germany 2.5% -4.2 basis points
• France 2.989%, -4.1 basis points
• UK 4.179%, unchanged
• Spain 3.23%, -5.3 basis points
• Italy 3.813%, -3.1 basis points

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