Major European indices give up gains and close lower on the day

The fall in the US stocks helped to reverse the European stocks over the last few hours of trading. The major indices are all closing lower on the day (the UK FTSE 100 is near unchanged).

The final numbers are showing:

• German DAX, -1.2%
• France's CAC, -0.54%
• UK's FTSE 100 +0.08%
• Spain's Ibex, -1.58%
• Italy's FTSE MIB, -0.95%

The highs for the day in those major indices saw the:

• German DAX, +1.38%
• France;s CAC, +1.34%
• UK's FTSE 100, +1.12%
• Spain's Ibex, +151%
• Italy's FTSE MIB, +1.02%

Looking at the US market now, the major indices are trading at session lows:

• Dow industrial average is down -592.8 points or -1.73% at 33457.05
• S&P is down 88.74 points or -2.06% at 4207.30
• NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term index is down -423 points or -3.25% at 12582
• Russell 2000 is down 44.42 points or -2.27% at 1909.75

In the US debt market:

• 2 year yield 2.54%, -9.0 basis points
• 5 year yield 2.773%, -8.9 basis points
• 10 year yield 2.740%, -8.8 basis points
• 30 year yield 2.836%, -5.7 basis points

In the European debt market, the benchmark 10 year yields are closing modestly higher with the exception of the UK 10 year yield:

In the forex market, the JPY JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term is the strongest and the GBP is the weakest. The USD is higher from earlier levels in the North American session.