Major European indices close the day lower. German Dax backs off record close level. | Forexlive

A major European indices are closing lower on the day as London/European traders exit:

• German DAX which closed at a record level yesterday, felt -188.30 points or -0.78% at 24038 .20.
• France’s CAC fell -38.69 points or -0.49% at 7788.11.
• UK’s FTSE 100 fell 52.05 points or -0.59% at 8726.01.
• Spain’s Ibex fell 139.30 points or -0.98% at 14100.61.
• Italy’s FTSE MIB rose 2.85 points or 0.01% at 40127.74.

As European traders exit for the day, US indices are also modestly lower ahead of Nvidia and Salesforce earnings after the close:

• Dow industrial average -124 points or -0.29% at 42219.26.
• S&P index -14.50 points or -0.25% at 5906.96.
• NASDAQ index -25.15 points or -0.13% at 19173.82.

Shares of Nvidia are trading up 0.21% at $135.76. Shares of Salesforce are down -0.42% at $276.03. Earnings for both companies will be released after the close.

• Nvidia earnings are expected to come in at $0.73 on revenues of $43.34 billion
• Salesforce earnings are expected at $2.55 on revenues of $9.75 billion.

Looking at the US debt market ahead of the five year note auction,

• 2year yield 3.992%, +4.3 basis points
• 5year yield 4.076%, +5.3 basis points
• 10 year yield 4.493%, +5.9 basis points
• 30 year yield 4.997%, +5.0 basis points

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