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European main indices shut principally greater however solely modestly

The German DAX rose by 0.42% and is the biggest gainer in the European equity market. France’s CAC was the worst performer. The other major indices rose modestly.

A snapshot of the closing levels shows:

  • German DAX, +0.42%
  • France’s CAC -0.14%
  • UK’s FTSE 100 +0.16%
  • Spain’s Ibex +0.15%
  • Italy’s FTSE MIB +0.11%.

As London/European traders head for the exits, US stock indices are heading lower:

  • Dow industrial average -126 points or -0.29% at 44047
  • S&P index -34.06 points or -0.53% at 6296.22 .
  • NASDAQ index -131.5 points or -0.63% at 20920.74

US yields are mixed with the shorter end higher and the longer and lower:

  • 2-year yield 3.720%, +3.9 basis points
  • 5 year yield 3.760%, +1.8 basis points
  • 10 year yield 4.198%, unchanged
  • 30 year yield 4.777%, -1.8 basis points

Looking at other markets

  • Crude oil is is down -1 dollar at $65.32
  • Gold is up $14.75 at $3388.92
  • Silver is up $0.40 at $37.79

Bitcoin is under selling pressure, down $2,271 at $112,780. Technically, the price has broken decisively below its 100-hour moving average at $114,053 and is also trading under the 38.2% retracement of the June 24 rally at $113,688—adding to the bearish tone.

The next key downside target sits near $112,040, a level that served as a swing high on July 9 and a swing low on August 2. A break below there would shift focus to the 50% midpoint at $110,738, opening the door for deeper selling pressure. From its July peak of $123,236, Bitcoin has now shed more than $10,000, signaling a clear loss of bullish momentum.

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