European shares close mostly higher led by the Italy’s FTSE MIB

European shares closed the day mostly higher. Spain’s Ibex closed just off the highest level going back to 2008. The high price from August 20’s closed at 15396.80. Today’s closing level was 5395.10.

Italy’s FTSE MIB was the biggest gainer today with a rise of 1.14%.

A snapshot of the closing levels shows:

• German DAX rose 50.71 points or 0.21% to 23748.87
• France’s CAC rose 71.69 points or 0.92% at 7896.94
• UK’s FTSE 100 fell -6.25 points or -0.07% at 9277.04.
• Spain’s Ibex rose 6.92 points or 0.57% at 15395.11
• Italy’s FTSE MIB rose 487.31 points or 1.14% at 43053.71.

As London/European traders head for the exits,

• Gold is trading at a new record. The price is currently up $38 or 1.05% at $3681.14.
• Silver is up $0.44 or 1.03% at $42.60. That’s its highest level since September 2011
• Bitcoin is down $-552 or -0.48% at $114,770.
• Crude oil is trading up $0.45 and $63.14

A snapshot of the US yield curve showing a parallel shift to the downside by about 2 basis points

• 2-year yield 3.538%, -1.9 basis
• 5 year yield 3.605%, -1.9 basis points
• 10 year yield 4.037% -2.3 basis points
• 30 year yield 4.653%, -2.6 basis points

This article was written by Greg Michalowski at investinglive.com.