European indices are closing the day with mixed results

Major European indices are closing the day with mixed results. The worst performer is UK’s FTSE 100. The best performer is Spain’s Ibex. A snapshot of the closing levels shows:

• German DAX -93.10 points or -0.42% at 22340.54.
• France’s CAC +12.04 points or 0.15% at 8122.59.
• UK’s FTSE 100 -49.56 points or -0.57% at 8662.98.
• Spain’s Ibex +37.70 points or 0.29% at 12967.09.
• Italy’s FTSE MIB -99.13 points or -0.26% at 38249.02.

As London/European traders had for the exits, the major US indices are lower:

• Dow industrial average -632.92 points or -1.42% at 43994.23. Walmart -6.20%, Goldman Sachs -4.72%, J.P. Morgan -4.21%, American Express -3.13%, and Boeing -2.9% are responsible for most of the declines.
• S&P index after closing at a record level he answers down -53 points or -0.86% at 6091.09.
• NASDAQ index is down -177 points or -0.88% at 19879.
• Russell 2000 is down -29.31 points or -1.30% at 2252.98.

Looking at the US debt market, yields are lower:

• 2-year 4.257%, -1.7 basis points
• 5 year 4.341%, -2 point basis points.
• 10 year 4.505%, -3.0 basis points
• 30 year 4.742%, -2.1 basis points

At 12 PM, the EI a weekly energy inventory levels will be released with crude stocks expecting a build of 3.144 million. Gasoline stocks are expected to be unchanged while distillates are expected a drawdown of -1.634 million.

At 12:05 PM, St. Louis Fed Musalem is scheduled to speak.

At 2 PM, RB and the governor is to testify before Parliamentary select committee .

This article was written by Greg Michalowski at www.forexlive.com.