Major indices higher for the 3rd day this week
The UK FTSE traded to its highest level since October 10th today. The high reached 7205.07. That took out the November 2 high at 7196, but fell short of the 50% retracement of the move down from the 2018 May high at the 7220 level. Last week, the index moved above it's 100 day moving average for the 1st time since the end of August. The market seems to be discounting some sort of Brexit deal.
The other major European indices also moved higher today. The provisional closes are showing:
- German DAX, +0.47%
- France's CAC, +0.44%
- UK's FTSE, +0.82%
- Spain's Ibex, +0.13%
- Italy's FTSE MIB +0.93%
In the 10 year note sector in Europe, yields fell.
The German 10 year note fell to as low as 0.119%. Last week the yield reached 0.078% (getting close to 0.0%) that was the lowest since October 2016
