European stock indices end day with substantial declines

Author: Greg Michalowski | Category: News

Europe's Stoxx index falls 2%

The European stock indices are ending the session with substantial declines:
  • German Dax, -1.4%
  • France's CAC, -1.8%
  • UK's FTSE, -1.9%
  • Spain's Ibex, -1.7%
  • Italy's FTSE MIB, -1.84%
  • Portugal's PSI 20, -0.82%
In the benchmark 10 year note sector, yields are mixed with flows into safe haven countries and out of the riskier countries:

A snapshot of the forex market near the London and European close is showing the NZD and AUD remain the strongest on the day. The CHF, GBP and USD are the weakest.

IN other markets:
  • Gold finally found a bid and is up $25 or 2.14% at $1220.30. Safe haven flows?  It took a while to develop.  The USD is weaker and is helping as well.
  • WTI crude oil futures are down $-1.92 or -2.62% at $71.25. The build inventories was higher than expected but lower than the private data released at the end of day yesterday
In the US stocks market, the ride continues to be volatile:
  • S&P index down 18 points or -0.64% at 2768
  • NASDAQ index is back to unchanged
  • Dow down -118 points or -0.46%
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