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European Market Update: European Bonds Rise, Equities & Euro Decline Print E-mail
Market Updates |  Written by CEP News |  Apr 29 08 12:12 GMT | 
(CEP News) - European equity markets are down with the Eurostoxx losing 11.71 points on the day. In Germany, the bund was up 21.0 ticks to 113.74 with yields down 3.1 bps to 4.17% while the 10-year gilt was up 29.0 ticks to 108.15 with yields down 4.9 bps to 4.69%. The euro was down 0.84 cents to 1.5574 USD.

The five-year Bobl was up 11.5 ticks to 108.68, the two-year Schatz up 4.5 ticks to 103.77 and the June 2008 Euribor contract trading up 3.5 ticks to 95.37.

The spread between the 10-year Bund and 10-year U.S. Treasury notes widened 0.281 bps to -35.80.

Yields on the UK's 30-year bond were down 1.7 bps to 4.53%, the five-year bond down 5.9 bps to 4.41% and the two-year bond down 5.9 bps to 4.45%.

The September 2008 Short Sterling contract was up 7.5 ticks to 94.62.

Yields on U.S. 10-year Treasury notes were down 1.4 bps to 3.812%.

European stock markets were mixed with the Eurostoxx down 11.71 points to 3217.48, the UK FTSE 100 up 14.00 points to 6104.398 and the German DAX down 56.82 points to 6868.51.

The Japanese Nikkei was trading up 30.90 points to 13894.37.

The Canadian dollar was up 0.05 cents to 0.9876 against the USD (1.0124 USD/CAD). Against the euro, the loonie was up 0.32 cents to 0.6338 (1.5766 CAD/EUR).

The U.S. dollar was down 0.11 to 104.08 and the euro was down 1.00 to 162.10, both against the yen.

The euro was down 0.84 cents to 1.5574 while the pound sterling was down 1.73 cents to 1.9741, both against the USD.

The euro was up 0.26 cents to 0.7889 pounds.

The Swiss franc was down 0.41 cents to 1.0379 against the USD and up 0.24 cents to 1.6163 against the euro.

All data were taken at 7:09 a.m. EDT.

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


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