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European Market Update: Euro Zone Stocks Slide as UK Observes Bank Holiday Print E-mail
Market Updates |  Written by CEP News |  May 05 08 11:21 GMT | 
(CEP News) - European equity markets are down with the Eurostoxx losing 12.95 points on the day, while the UK observes a bank holiday. In Germany, the Bund was up 34.0 ticks to 113.76 with yields down 4.8 bps to 4.15%. The euro was up 0.32 cents to 1.5456 USD.

The five-year Bobl was up 19.0 ticks to 108.58, the two-year Schatz up 7.0 ticks to 103.77, and the June 2008 Euribor contract trading down 2.5 ticks to 95.39.

The spread between the 10-year Bund and 10-year U.S. Treasury note widened 2.371 bps to -31.80.

Yields on U.S. 10-year Treasury notes were down 2.3 bps to 3.832%.

European stock markets were mixed with the Eurostoxx down 12.95 points to 3281.33 and the German DAX down 0.93 points to 7042.30.

The Japanese Nikkei was trading up 282.40 points to 14049.26.

The Canadian dollar was up 0.17 cents to 0.9827 against the USD (1.0177 USD/CAD). Against the euro, the loonie was down 0.02 cents to 0.6358 (1.5728 CAD/EUR).

The U.S. dollar was down 0.12 to 105.28 and the euro was up 0.17 to 162.70, both against the yen.

The euro was up 0.32 cents to 1.5456 while the pound sterling was down 0.34 cents to 1.9683, both against the USD.

The euro was up 0.29 cents to 0.7852 pounds.

The Swiss franc was up 0.24 cents to 1.0549 against the USD and up 0.04 cents to 1.6303 against the euro.

All data were taken at 7:18 a.m. EDT.

Generated by CEP Newswires, edited by Cristina Markham, This email address is being protected from spam bots, you need Javascript enabled to view it


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