European shares bounce back. Mixed performance for the week.

The major European indices have bounced back in trading today with all the indices higher. A snapshot of the closing levels shows:

• German DAX, +0.68%
• France CAC +1.22%
• UK FTSE 100 +1.21%
• Spain’s Ibex +0.18%
• Italy’s FTSE MIB +0.12%

For the trading week, most of the indices were higher with the exception of Italy’s FTSE MIB

• German DAX +1.38%
• France CAC, -0.22%
• UK FTSE 100, +1.59%
• Spain’s Ibex, +0.71%
• Italy’s FTSE MIB, -1.09%

In the European debt market yields move lower today, Looking at the benchmark 10 year yields:

• Germany, -3.0 basis points at 2.403%. For the trading week, yields fell -6.3 basis here.
• France, -2.5 basis points at 3.11%. For the trading week, yields fell -1.9 basis points
• UK -3.7 basis points at 4.11%. For the trading week, yields fell 3.0 basis points.
• Spain -4.0 basis points at 3.232%. For the trading week, yields fell -2.8 basis points.
• Italy, -2.3 basis points at 3.762%. For the trading week, yields fell -2.4 basis points

This article was written by Greg Michalowski at www.forexlive.com.