Shares fall as trade fears intensify
The European shares are closing lower on the day, and near session lows.
The provisional closes are showing:
- German DAX, -0.9%
- France’s CAC, -1.0%
- UK’s FTSE, -0.3%
- Spains Ibex, -0.6%
- Italy’s FTSE MIB, -1.65%
- Portugal’s PSI 20, -1.33%
For the week, the major indices are still mostly higher:
- German DAX, +0.4%
- France’s CAC, +0.68%
- UK’s FTSE, -0.1%
- Spains Ibex, unchanged
- Italy’s FTSE MIB, +1.0%
In other markets as London/European traders look to exit
- spot gold is up $28.50 or 1.91% at $1526.80
- WTI crude oil futures are down $1.70 or -3.07% at $53.65
In the US stock market prices are sharply lower:
- S&P index -50 points or -1.71% at 2873
- NASDAQ index down -160 points or -2.0% at 7832
- Dow industrial average -428 points or -1.63% at 25826
In the US debt market yields are sharply lower:
European benchmark 10 year yields are also mostly lower (but not as low as US yields).
