European equities ended the session mixed on Wednesday, with France leading the gains while most other regional indexes slipped modestly.
CAC 40 surged +157.38 points (+1.99%) to close at 8,077.01, outperforming its peers on strength in industrials and luxury shares.
STOXX 50 edged slightly higher by +2.70 points (+0.05%) to 5,596.50, showing resilience despite broader caution.
DEU40 (DAX) fell -56.96 points (-0.24%) to 24,179.99, weighed down by weakness in autos and financials.
UKX (FTSE 100) declined -28.00 points (-0.30%) to 9,424.76, pressured by energy and mining stocks.
IBEX 35 mirrored the move, down -16.09 points (-0.10%) to 15,570.30.
FTMIB (Italy) dropped -168.76 points (-0.40%) to 41,906.89, underperforming in Southern Europe.
Overview:
European markets were largely subdued amid cautious investor sentiment and light volume. Gains in French equities helped offset declines in Germany, the U.K., and Italy. Broader indexes like the STOXX 50 held steady as traders balanced optimism around U.S. monetary policy with lingering concerns over global trade and growth.
As London/European traders exit for the day, the US indices are still higher.
- Dow Industrial average +64 points or 0.14%
- S&P +28.94 pints or 0.44%
- Nasdaq up 156 points or 0.69%
US yields are higher with the shorter end up the most. The longer end is up marginally:
- 2-year yield 3.509%, +3.1 basis points
- 5 year yield 3.625%, +2.8 basis points
- 10 year yield 4.036%, +1.8 basis points
- 30 year yield 4.629%, +0.5 basis points.
Looking at other markets:
- Gold is trading to ta new all time high with a gain of $49 or 1.16% at $4190.54. The high reached $4218.13
- Crude oil is down -$0.41 or -0.70% at $58.28
- Silver is up $0.96 or 1.86% at $52.40
- Bitcoin remains under pressure with the price down -$2160 or -1.88% at $110,901.
