Major indices lower on the week as well
The major European indices are closing the week with sharp declines of over 1%. For the week, today's price action has also increased the declines with the FTSE 100 and Spain's Ibex the biggest decliners.
The provisional closes are showing:
- German DAX, -1.4%
- France's CAC, -1.2%
- UK's FTSE 100, -1.0%
- Spain's Ibex -1.8%
- Italy's FTSE MIB -1.1%
For the week:
- German DAX, -1.8%
- France's CAC, -1.8%
- UK's FTSE 100, -2.1%
- Spain's Ibex, -1.80%
- Italy's FTSE MIB, -2.1%
In other markets as London/European traders look to exit:
- Spot gold is trading down $14 and 6 $0.80 or -0.8% at $1831.50
- Spot silver is down 6 $0.09 or -2.71% at $24.80
- Bitcoin is trading down $-2700 or -7.04% at $36,000. The low price did extend to over -10% on the day
- WTI crude oil futures are trading down $1.13 -2.11% $52.44
A snapshot of the US stock market shows major indices lower but off there lowest levels:
- S&P index -15.62 points or -0.41% at 3779.90. The low price reached 3749.62
- NASDAQ index fell -49.97 points or -0.38% and 13062.80. The low price reached 12949.76
- Dow industrial average is down -110 points or -0.35% at 30883.70. The low price reached 30612.67
in the US debt market, the yields are lower:
- 2 year 0.135%, -0.4 basis points
- 5 year 0.453%, -3.0 basis points
- 10 year 1.09%, -3.9 basis points
- 30 year 1.840, -3.1 basis points
In the forex market, the JPY and the NZD remain the strongest and weakest currencies. The USD is stronger but off the highs for the day.
