European indices close the day with mixed results. Italy’s FTSE MIB up. Spain’s Ibex down

Major European indices ended the session with mixed results. Italy’s FTSE MIB led the way, rising 1.09%, supported by strength in auto and banking stocks. Reports suggesting auto tariffs may be less severe than expected helped lift sentiment, with notable gains from Stellantis (+4.0%) and Iveco (+2.3%). Banks also performed strongly, including UniCredit (+1.3%), Intesa Sanpaolo (+1.4%), Mediobanca (+3.6%), Monte dei Paschi (+2.7%), and Banca Generali (+2.2%).

Elsewhere:

• German DAX: +0.80%

• UK FTSE 100: +0.55%

• France’s CAC 40: -0.24%

• Spain’s Ibex 35: -0.66%

As European traders wrap up for the day, U.S. markets are modestly higher. The Dow Jones leads with a 0.5% gain, while the S&P 500 is up 0.14% and the Nasdaq is slightly firmer by 0.06%.

U.S. Treasury yields are moving lower across the curve:

• 2-year: 3.666% (-1.9 bps)

• 5-year: 3.783% (-3.1 bps)

• 10-year: 4.181% (-3.5 bps)

• 30-year: 4.661% (-3.1 bps)

Commodities and crypto:

• Crude oil: $60.86, down $1.19 (-1.92%)

• Gold: $3,307, down $36.70 (-1.10%)

• Bitcoin: $94,937, down $100

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