MARKET OVERVIEW AT LONDON CLOSE
Three month BTF yields are now at 0.033%, six month yields at 0.058% and twelve month yields are at 0.099%.
The figures displayed in the calendar represent the average yield on the Bons du Trésor à taux fixe or BTF auctioned.
EURNZD 1.6610 +0.43%, EURCHF 1.2341 +0.23%, EURAUD 1.3923 +0.23%, EURCAD 1.3563 +0.07%, EURGBP 0.8486 +0.07% and EURUSD 1.3339 -0.01%.
Europe’s major equity indexes are trading higher as the EU stoxx 600 is trading at 293.29, up 0.79% from its previous close, in France the CAC 40 is trading at 3863.75, up +1.54% and finally, the German Xetra DAX is trading at 8221.61, up +1.15% from its previous close.
Monday’s release of the US New York empire manufacturing index has posted 7.8, outperforming market expectations of -0.5, up from its previous level of -1.4. Immediately following the release, US dollar pairs are trading higher against the majority of its major counterparts.
The Empire State Manufacturing Index rates the relative level of general business conditions New York state. A level above 0.0 indicates improving conditions, below indicates worsening conditions. The reading is compiled from a survey of about 200 manufacturers in New York state.
Also released was the US NAHB Housing Market Index, which posted 52, outperforming market expectations of 45, up from its previous level of 44 resulting in US dollar pairs moving higher against the majority of its major counterparts.
The National Association of Home Builders (NAHB) Housing Market Index (HMI) rates the relative level of current and future single-family home sales.
US dollar pairs are trading higher ahead of Monday afternoon’s three and six-month bond auction, which are expected to see yields move lower from its current level of 0.045% and 0.080% respectively.
Governments issue treasuries to borrow money to cover the gap between the amount they receive in taxes and the amount they spend to refinance existing debt and/or to raise capital.
NZDUSD 0.8029 -0.44%, USDCHF 0.9251 +0.25%, AUDUSD 0.9580 -0.23%, GBPUSD 1.5716 -0.08%, USDCAD 1.0167 +0.08%, USDJPY 94.90 +0.01% and EURUSD 1.3339 -0.01%.
US equity indexes are pushing higher at the London close as the S&P 500 currently trades +1.08% higher than its previous close at 1644.46, and the Dow Jones Industrial Average is trading at 15,231.54, up +1.07% from its previous close level.
In Canada the release of Canada’s foreign securities purchases has posted 14.91bn, outperforming market expectations of 4.59bn, up sharply from its previous level of 0.96bn (month-on-month) which has seen Canadian dollar pairs improve against the majority of its major counterparts.
Foreign Securities Purchases measures the overall value of domestic stocks, bonds, and money-market assets purchased by foreign investors.
AUDCAD 0.9741 -0.14%, CADCHF 0.9093 +0.13%, CADJPY 93.31 -0.09%, EURCAD 1.3564 +0.08%, USDCAD 1.0166 +0.07%, GBPCAD 1.5986 +0.04% and NZDCAD 0.8178 -0.04%.
Biggest gainers at the London close;
EURNZD 1.6662 +0.74%, EURAUD 1.3979 +0.63%, GBPNZD 1.9618 +0.60%, GBPAUD 1.6459 +0.49%, USDCHF 0.9264 +0.39%, EURCHF 1.2353 +0.33%, GBPCHF 1.4545 +0.21% and CADCHF 0.9099 +0.20%.
Biggest losers at the London close;
NZDUSD 0.8001 -0.79%, NZDJPY 75.93 -0.78%, AUDUSD 0.9538 -0.67%, AUDJPY 90.52 -0.66%, AUDCAD 0.9709 -0.47%, NZDCAD 0.8144 -0.45%, NZDCHF 0.7412 -0.40%, CHFJPY 102.42 -0.38% and AUDCHF 0.8836 -0.28%.
Story provided by StockMarketWire.com