European shares end with sharp declines on trade concerns

  
Analysis, Global Indices

US stocks sharply lower as well after first 3 hours of trading

The major European indices are ending the session was sharp declines as trade concerns weigh on global growth worries.  The provisional closes are showing:
  • German DAX, -1.7%
  • France’s CAC, -2.0%
  • Britain’s FTSE, -1.0%
  • Spain’s Ibex, -1.5%
  • Italy’s FTSE MIB, -1.8%

In the benchmark 10 year yields, yields are mostly higher on risk off concerns. The German 10 year is down marginally and the UK 10 year is also lower by -1.5 bps:

US stocks sharply lower as well after first 3 hours of trading. 10 year yields are mostly higher.

In the US, the major indices are sharply lower but off the session lows:
  • S&P index 2843.88, -35.6 points or -1.24%. The low reached 2836.40
  • NASDAQ index 7829, -114.71 points or -1.45%. The low reached 7796.16
  • Dow industrial average 25559.78, -407 points or -1.58%. The low reached 25517.39
European and US stocks are trading sharply lower on trade concerns
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