The major European indices are closing mostly lower.
A snapshot of the closing levels shows:
- German DAX, -1.14%
- France’s CAC -0.96%
- UK’s FTSE 100 +0.30%
- Spain’s Ibex -0.39%
- Italy’s FTSE MIB -0.83%
As London/European traders and for the exit, the broader US stock indices are sharply lower led by the NASDAQ index with a decline of -1.71%
- Dow industrial average -51 points or -0.12% at 42537.25
- S&P index -50.83 points or -0.89% at 5725.53
- NASDAQ index minus 310.31.0 -1.70% at 17961.23
in the US debt market, yields are higher despite the declines in US stocks:
- 2-year yield 4.004%, +2.0 basis points
- 5-year yield 4.086%, +2 point basis points
- 10 year yield 4.342%, +3.4 basis points
- 30 year yield 4.687%, +3.2 basis points.
Looking at other markets:
- Crude oil is trading up $0.90 at $69.90.
- Gold is trading down $3.32 at $3016.22
- Silver is trading down four cents at $33.67.
- Bitcoin is trading down $780 $86,656
The price of copper reached a new all-time highs on concerns about tariffs. The price reached $5.37 before rotating back to the downside.. The current price is up 2.8 cents at $5.238.
This article was written by Greg Michalowski at www.forexlive.com.