European indices close higher for the 5th consecutive day

<p>The major European indices are closing higher for the 5th consecutive day. The gains today were led by the German DAX:</p><ul><li>German DAX rose 0.74%</li><li>Frances CAC rose 0.50%</li><li>UK's FTSE 100 rose 0.33%</li><li>Spain's Ibex rose 0.26%</li><li>Italy's FTSE MIB (delayed) rose 0.78%</li></ul><p>Benchmark 10 year yields were sharply lower in Europe:</p><ul><li>Germany -9.1 basis points</li><li>France -9.2 basis points</li><li>UK -8.7 basis points</li><li>Spain -10.3 basis points</li><li>Italy -10.4 basis points</li></ul><p>As European traders look to exit,, the NASDAQ index is extended to new session highs. The S&amp;P and the Dow Industrial Average lag. The Dow is now up only 0.10%:</p><ul><li>Dow industrial average is up 35.37 points or 0.10% at 34384. The Dow Industrial Average was up 134.82 points at its high</li><li>S&amp;P index is up 24 points or 0.54% at 4496.10. The S&amp;P was up 26.89 points at its high</li><li>NASDAQ index is up 149 points or 1.07% at 14067.53. The NASDAQ was up 154.54 points at its high.</li></ul><p>In the US debt market, yields are lower for the 2nd consecutive day. The U.S. Treasury will auction off 30-year bonds at 1 PM ET completing its coupon auctions for the week:</p><ul><li>2-year yield 4.649%, -9.3 basis points</li><li>5-year yield 3.983%, -8.6 basis points</li><li>10-year yield 3.794%, -6.6 basis points</li><li>30-year yield 3.919%, -3.2 basis points</li></ul><p>The AUD and NZD are the strongest, while the USD is the weakest.</p><p>For a look at the longer term daily charts – the key levels in play/being broken today – <a href="https://www.forexlive.com/technical-analysis/the-usd-is-moving-to-new-lows-vs-major-currencies-20230713/" target="_blank" rel="follow">CLICK HERE</a>. </p>

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