The major European indices including sharply lower. Both France and German indices are closing near 2% lower as investor continue to be spooked by the fallout from far-right gains in last weekend’s EU elections.
The final numbers are showing:
- German DAX, -1.97%
- France CAC, -1.99%
- UK FTSE 100 100, -0.63%
- Spain’s Ibex, -1.59%
- Italy’s FTSE MIB, -2.18%
As the London/European traders look toward the exit, the US indices are mixed:
- Dow Industrial Average averages lower by 222 points or -0.57% at 38490
- S&P index is unchanged that 5421
- NASDAQ and is up 54.17 points or 0.31% at 17662
The small-cap growth in 2000 is the worst performer with a decline of -1.25%.
In the US debt market, yields are lower after lower-than-expected PPI and weaker claims data:
- two year yield 4.690%, -5.9 basis points
- 5-year yield 4.244%, -5.8 basis points
- 10 year yield 4.253%, -4.4 basis points
- 30-year yield 4.423% -2.7 basis points.
The U.S. Treasury will auction 30 year bond at 1 PM.
Crude oil is trading down around $0.50 at $78.02.
Gold and silver are sharply lower:
- Gold, $-23.50 or -1.02% at $2384
- Silver $-0.92 or -3.12% at $28.75
Bitcoin is trading down on the day at $66,493. Ethereum is also lower by $114 at $3440.30.
