European indices closed mostly lower. German DAX falls over 1%
European stock indices closed mostly lower, with the German DAX falling 1.04%. France's CAC 40 dropped 0.32%, UK's FTSE 100 decreased 0.18%, and Italy's FTSE MIB fell 0.22%. Spain's IBEX 35 rose 0.11%. US stocks are down but near session highs. US yields increased, with a steeper yield curve. Crude oil and gold prices rose, while silver hit a new record. Bitcoin dropped significantly, marking its worst trading day since October 10.
The major stock indices in Europe are closing mostly lower with the German DAX the weakest with a decline of -1.04%. Looking at the major indices:
- German DAX (DEU40): 23,589.45 (-247.35 / -1.04%)
- France's CAC 40: 8,097.01 (-25.71 / -0.32%)
- UK's FTSE 100 (UKX): 9,702.54 (-17.98 / -0.18%)
- Spain's IBEX 35 (IBEX35): 16,388.99 (+17.40 / +0.11%)
- Italy's FTSE MIB (FTMIB): 43,259.47 (-97.55 / -0.22%
as European traders head for the exits, US stocks are still down on the day but near session highs:
- Dow industrial average -0.43%
- S&P index -0.19%
- NASDAQ index -0.17%
US yields are higher with a steeper yield curve:
- 2-year yield 3.536%, +4.6 basis points
- 5 year yield 3.663%, +6.6 basis points
- 10 year yield 4.092%, +7.3 basis points
- 30 year yield 4.743%, +7.3 basis points
looking at other markets:
- Crude oil prices are up $0.75 or 1.20%
- Gold is up $30.65 or 0.32% at $4232.12.
- Silver is up $2 or 3.57% and $58.39. That is a new record for silver.
- Bitcoin is down $5700 at $84,624 and on pace for its worse trading day since October 10
