The German DAX rose by 0.42% and is the biggest gainer in the European equity market. France’s CAC was the worst performer. The other major indices rose modestly.
A snapshot of the closing levels shows:
- German DAX, +0.42%
- France’s CAC -0.14%
- UK’s FTSE 100 +0.16%
- Spain’s Ibex +0.15%
- Italy’s FTSE MIB +0.11%.
As London/European traders head for the exits, US stock indices are heading lower:
- Dow industrial average -126 points or -0.29% at 44047
- S&P index -34.06 points or -0.53% at 6296.22 .
- NASDAQ index -131.5 points or -0.63% at 20920.74
US yields are mixed with the shorter end higher and the longer and lower:
- 2-year yield 3.720%, +3.9 basis points
- 5 year yield 3.760%, +1.8 basis points
- 10 year yield 4.198%, unchanged
- 30 year yield 4.777%, -1.8 basis points
Looking at other markets
- Crude oil is is down -1 dollar at $65.32
- Gold is up $14.75 at $3388.92
- Silver is up $0.40 at $37.79
Bitcoin is under selling pressure, down $2,271 at $112,780. Technically, the price has broken decisively below its 100-hour moving average at $114,053 and is also trading under the 38.2% retracement of the June 24 rally at $113,688—adding to the bearish tone.
The next key downside target sits near $112,040, a level that served as a swing high on July 9 and a swing low on August 2. A break below there would shift focus to the 50% midpoint at $110,738, opening the door for deeper selling pressure. From its July peak of $123,236, Bitcoin has now shed more than $10,000, signaling a clear loss of bullish momentum.
