Harley Davidson and Commerzbank lead the pack | Calamatta Cuschieri

European markets

It was a good day for European markets on Monday as many of them posted positive numbers. The biggest winner at the closing bell was the German DAX as it registered a 0.3% gain for the day’s session. Commerzbank was the day’s leader as it surged by more than 2.5% while Fresenius SE was one of the day’s biggest losers as it lost 1.53% of its market value. The other main markets, such as the UK’s FTSE 100 and the French CAC40 each posted gains of 0.26% and 0.22% respectively.

With regards to sovereign bond yields, the German 10-year bund saw its yield climb to 0.435% as prices fell by 0.28% during the day. Similarly, the Italian 10-year bond and the Spanish 10-year bond both saw their yields rise as the Italian 10-year bond saw its price dip by 0.21% while the Spanish 10-year shed 0.15% of its price.

The foreign exchange market was also kind to the Euro as it saw its value increase by 0.45% during the Monday trading session against the American dollar. The Euro also rose against the British Sterling by 0.27%. On a year to date basis, the Euro has shed 2.93% against the dollar but has seen its value rise by almost 8% against the Pound.

American markets

Harley Davidson recorded the largest loss during Monday’s trading on the S&P as it saw its shares decline by more than 5%

The American markets also enjoyed a positive trading day on Monday as both the Dow Jones and the S&P 500 registered gains. The S&P 500, which is an index that tracks the largest 500 companies in the US, increased by 0.43% and stands at 2,401.15, while the Dow, which is an index that uses an average weighted price to determine its value, registered a 0.38% rise and currently stands at 20,976.64. Harley Davidson recorded the largest loss during Monday’s trading on the S&P as it saw its shares decline by more than 5%. On the other hand, Qorvo and Nvidia lead the pack as each company saw its stock price rise 5.33% and 4.18% respectively.

The benchmark US 10-year Treasury saw its yield increase by 2.33% as prices fell by 0.06%. Crude oil made a comeback on Monday as its price climbed by 1.35% and settled at $49.19 per barrel. Gold registered a 4% increase and now trades at $1,231.70. The American dollar lost some ground during the day as its value slipped by 0.198% against the British Pound while it rose by almost 0.3% against the Japanese Yen as one dollar now translates to 113.61 Yen. On a year to date basis, the American dollar is up by more than 4% against the Japanese currency, while it has seen its value rise by more than 11% against the British Pound in the same period of time.

Disclaimer:

This article was issued by Simon Gauci Borda, Trader at Calamatta Cuschieri. For more information visit, www.cc.com.mt. The information, view and opinions provided in this article is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.