Wednesday, 20 March 2024

European indices close higher

by BD Banks

The major European stock indices are ending the day higher. A snapshot of final levels shows:

  • German DAX, +0.31%
  • France CAC +0.65%
  • UK FTSE 100, +0.20%
  • Spain’s Ibex +0.99%
  • Italy’s FTSE MIB +0.94%

as London/European traders look to exit, US broader indices have bounced back and now trade in positive territory. Nvidia is back in positive territory:

  • Dow industrial average up 261.35 points or 0.68% at 39053.16
  • S&P index up 15.35 points or 0.30% at 5164.87. The S&P index was down -17.84 points at session lows
  • NASDAQ index up 18 points or 0.11% at 16121.90. The NASDAQ index was down -151.59 points at session lows.

The small-cap Russell 2000 is also higher by percent at 2036.90. It was down -14.93 points at session lows

US yields are lower with the shorter and outpacing the declines versus the longer end:

  • 2-year yield 4.704%, -3.2 basis points
  • 5-year yield 4.316% -2.9 basis points
  • 10-year yield 4.312% -2.8 basis points
  • 30-year yield 4.454%, -1.2 basis points.

In other markets:

  • Crude oil is trading up for the fourth day in five trading days. Currently trades at $82.72 up $0.56 or 0.68%
  • Gold is trading down seven dollars or -0.32% at $2153.43
  • Bitcoin traded as low as $62,323 but currently trades at $64,700. The high for the day was up at $68,123

In the forex market, the CHF has taken over the strongest of the major currencies from the USD. The JPY remains the weakest.

This article was written by Greg Michalowski at