European Shares Close Lower, German DAX Falls After Closing at Record High on Friday

European Shares Close Lower, German DAX Falls After Closing at Record High on Friday

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

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