European shares close lower. German DAX falls after closing at record high on Friday

Technical Analysis

The German Dax closed at record highs on Monday, Thursday and Friday last week, moving above the high close going back to September 27.

Today, however, the index fell by around 1% leading the way lower for the major European indices.

A snapshot of the Europe closes fo the day are showing:

  • German Dax, -1.02%
  • France’s CAC, -1.01%
  • UK’s FTSE 100, -0.48%
  • Spain’s Ibex, -0.71%
  • Italy’s FTSE MIB, -0.71%

As London/European traders look for the exits, US indices are also lower:

  • Dow industrial average -340 points or -0.78% at 42937.50
  • S&P index -30.70 points or -0.52% at 5834.30.
  • NASDAQ index -64 points or -0.35% at 18423.13

US yields continue to move higher and trade at the day’s highest levels:

  • 2 year yield 4.025%, +7.0 basis points
  • 10 year yield 4.173%, +9.9 basis points
  • 30 year yield 4.475%, +9.4 basis points

Articles You May Like

Elliott Wave view: FTSE should see more downside [Video]
US Dollar happy to head into the weekend at current levels
Dollar Gathers Momentum, Gold Cools Off, Market Jitters Ahead?
Crisis-stricken Stellantis sees revenue growth in 2025 after 70% drop in full-year profit
Trump Trade Advisor Navarro: We will set a reciprocal tariff for digital services tax

Leave a Reply

Your email address will not be published. Required fields are marked *