German DAX -1.8%
The major European shares are ending the session with sharp declines. For the year, the major European indices are also in the red. A look at the provisional closes are showing:
- German DAX, -1.8%
- France’s CAC, -2.0%
- UK’s FTSE 100, -1.9%
- Spain’s Ibex, -2.4%
- Italy’s FTSE MIB, -1.4%
For the year, changes are all in the red led by a 7% decline in the UK FTSE 100.
- German DAX, -3.4%
- France’s CAC, -5%
- UK’s FTSE, -7%
- Spain’s Ibex, -3.1%
- Italy’s FTSE MIB, -1.6%
In other markets as the European/London traders look to exit are showing:
- Gold is still negative. It is trading down $10.80 or -0.65% at $1648.10. The spot price tried rebound and move higher on the fall in stocks, but seems to have sellers above. Recall that in yesterday’s trade, there was a large seller reported in the futures market which helped push the price lower in the New York afternoon session
- WTI crude oil futures are following the risk off sentiment with the contract trading down -$0.89 or -1.7% at $50.54. The price is not far off the low at $50.37. The high reached $52.02
In the US stock market, the NASDAQ is leading the charge to the downside. It is currently down -100 points or -1.11% and 9116.
- Dow -308 points or -1.11% at 27653
- S&P index -34.5 points or -1.07% at 3191
- Nasdaq down -100 points or -1.11% at 9116