On Monday, Thursday, and Friday of last week, the German Dax closed at all-time highs, surpassing the high closing dating back to September 27.

But today, the index dropped by about 1%, setting the stage for further declines in the main European indices.
A snapshot of the Europe closes for 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
Article Source: Forex Live