The major European indices are closing lower for the day lower for the week:
- German DAX -222.86 points or -0.90% at 22455.89. For the week the index felt -1.90%.
- France’s CAC -74.03 points or -0.93% at 7916.09. For the week the index fell -1.58%.
- UK’s FTSE 100 fell -7.27 points or -0.08% at 8658.86. For the week the index was near unchanged (up 0.14%)
- Spain’s Ibex L -113.30 points or -0.84% at 13309.29. For the week the index fell -0.31%.
- Italy’s FTSE MIB fell -359.56 points or -0.92% at 38739.29. For the week the index fell -0.76%.
Looking at the US stock market as London/European traders look to exit, major indices are trading near session lows and are down for the week:
- Dow -627 points or -1.48%. For the week the index is down -0.74%.
- S&P index -100 points or -1.76%. For the week the index is down -1.31%
- NASDAQ index -430 points or -2.42%. For the week, the index is down -2.32%
Looking at the benchmark 10 year yields:
- German 10 year yield fell -2 point basis points to 2.73%.
- France’s 10 year yield fell -1.7 basis points to 3.437%
- UK 10 year yield fell -0.8 basis points to 4.708%
- Spains 10 year yield fell -5.1 basis points to 3.363%.
- Italy’s 10 year yield rose 1.1 basis point to 3.85%
For comparison, the US 10 year yield is up 1.7 basis points this week despite the sharp -9.4 basis point decline today to 4.267%
