As the US market comes under pressure, the European equity markets are closing mixed. The Spain’s Ibex and France’s CAC are closing near unchanged. The German DAX and Italy’s FTSE MIB are lower while the UK’s FTSE 100 is higher. The final numbers are showing:
- German DAX, -0.60%
- France’s CAC, -0.08%
- UK’s FTSE 100 +1.08%
- Spain’s Ibex, -0.08%
- Italy’s FTSE MIB -0.36%
As London and European traders exit for the day, U.S. equities remain under pressure, led by declines in the NASDAQ. The index has broken below its 200-hour moving average at 21,129.29, with a corrective bounce stalling just shy at 21,115. It now trades -285 points (-1.34%) lower at 21,026.03, reinforcing the bearish tilt.
The S&P 500 has also slipped beneath its 100-hour moving average at 6,381.84. A brief recovery attempt peaked at 6,383.32, but the index quickly rotated back under that level, last seen at 6,365. Both indices remain technically vulnerable as buyers struggle to reclaim key averages.
