Major European indices fall for the 2nd consecutive day | Forexlive

The European stock indices are all closing the day lower. It is the 2nd consecutive down day for the major indices.

• German DAX, -0.37%
• France’s CAC, -0.82%
• UK’s FTSE 100 -0.78%
• Spain’s Ibex -0.91
• Italy’s FTSE MIB -1.03%

In the European debt market, UK 10 year yields moved sharply higher as investors shun the countries debt. The yield moved to a high of 4.243%. Just 2 days ago it was down at 3.735%.

Other benchmark 10 year yields were more behaved.

The USD and the JPY are the strongest of the major currencies as London/European traders exit for the day. The GBP is the weakest.