Down day for the European indices with declines over -1.20%

The major European indices are ending the day with declines of -1.2% or more. A snapshot of the closing levels shows:

• German DAX, -1.34%
• France’s CAC, -1.31%
• UK’s FTSE 100, -1.21%
• Spain’s Ibex, -1.57%
• Italy’s FTSE MIB, -1.38%

As London/European traders exit, US stock indices are also lower. The Dow industrial average is leading the way with the decliner -1.37%, but the S&P index is also down by nearly 1%. Price action has been volatile:

• Dow industrial average -564 points or -1.35% at 41349
• S&P index down -51.70 point or -0.92% at 5562.93
• NASDAQ index -73.98 points or -0.42% at 17393.59
• Russell 2000-4.60 points or -0.23% at 2014.46

US yields are trading higher:

• 2 year 3.909%, +1.4 basis points
• 5-year 3.999%, +2.6 basis points
• 10 year 4.251%, +3.8 basis points
• 30 year 4.581%, +4.2 basis points

In other markets:

• Crude oil is trading up $0.50 or 0.76% at $66.52.
• Gold is trading up $27.90 or 0.97% at $2916.26.
• Silver is trading up $0.69 or 2.17% at $32.75
• Bitcoin is trading up $3100 $81,744

This article was written by Greg Michalowski at www.forexlive.com.