Author: admin

EUR/JPY trades higher on Wednesday around 181.30, up 0.40% at the time of writing. The cross benefits from improving risk sentiment as investors closely track political statements hinting at potential progress toward a peace agreement between Russia and Ukraine.

The major European indices are closing higher on the day. The gains were led by the Spain’s Ibex which increase by 1.36%.

A snapshot of the closing levels shows:

• German DAX, +0.98%
• France’s CAC +0.88%
• UK’s FTSE 100 +0.5%
• Spain’s Ibex +1.36%
• Italy’s FTSE MIB +1.01%

As London/European traders head for the exits, the major US indices are trading comfortably higher with the NASDAQ leading with a gain of 1.02%. The S&P index is up 0.93% in the Dow industrial average is up 0.90%.

US yields are mixed with the shorter end higher in the longer end lower.:

• 2-year yield 3.487%, +2.8 basis points
• 5 year yield 3.579%, +1.4 basis points
• 10 year yield 4.005%, +0.4 basis points
• 30 year yield 4.652%, -0.6 basis points.

In other markets:

• Crude oil is trading up $0.35 at $58.31.
• Gold is up $36 at $4167
• Silver is up $1.54 or 3.04% at $53.
• Bitcoin is up $500 at $87,836.

This article was written by Greg Michalowski at investinglive.com.

United States 4-Week Bill Auction rose from previous 3.89% to 3.905%

United States EIA Natural Gas Storage Change increased to -11B in November 21 from previous -14B

Fulton County Superior Court Judge Scott McAfee’s ruling ends the final case against Trump that remained unresolved after he returned to the White House.

The British Pound (GBP) edges higher against the US Dollar (USD) on Wednesday as markets digest the United Kingdom’s Autumn Budget, with traders weighing fresh fiscal measures and updated economic projections. Read More…