London/European traders head for the exits with stock losses for the day and week

As the London/European traders head for the exits, the major European indices are lower for the day and the week.

A look at the closes for the day shows:

• German DAX, -1.47%
• France's CAC, -0.25%
• UK's FTSE 100, -0.32%
• Spain's Ibex, -0.94%
• Italy's FTSE MIB, -0.61%

For the trading week, all major indices are also lower:

• German DAX, -2.48%
• France's CAC, -1.26%
• UK's FTSE 100, -1.91%
• Spain's Ibex, -2.37%
• Italy's FTSE MIB, -1.75%

A snapshot of other markets as traders in Europe exit shows:

• Spot gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold fluctuates constantly, as it trades on public exchanges where it has a price that is determined by supply and demand. Gold has historically had tremendous significance and even today is extremely sought after. Gold has been used as a currency as it doesn't corrode, and the material allo Read this Term is down -$2.30 -0.13% at $1895.90 the price is near mid range with a high of $1902.46 and a low of $1886.69
• Silver Silver Silver is a precious metal that is commonly traded on exchanges or through brokers. It is much more affordable than gold and thanks to its importance as an industrial metal as well as volatility, is widely traded.For precious metals traders, gold is a much more popular market. Big institutions buy gold as a currency hedge when real interest rates and yields on other assets become unacceptably low. Central banks will buy gold, not silver, as a reserve asset to diversify their currency exposure.In Silver is a precious metal that is commonly traded on exchanges or through brokers. It is much more affordable than gold and thanks to its importance as an industrial metal as well as volatility, is widely traded.For precious metals traders, gold is a much more popular market. Big institutions buy gold as a currency hedge when real interest rates and yields on other assets become unacceptably low. Central banks will buy gold, not silver, as a reserve asset to diversify their currency exposure.In Read this Term is trading up $0.10 or 0.44% at $23.92
• April crude oil futures are trading at $89.32. That's down $0.77 on the day
• Bitcoin moved back below the $40,000 level today to $39,450, but trades near mid range at $40,223. The high price reached $40,996 today

In the forex, the NZD is the strongest and the CAD is the weakest. The USD is higher with modest like gains vs the all the major currencies with the exception of the NZD.