European indices close lower except the FTSE 100, while US equities decline ahead of a 10-year Treasury auction and rising oil prices.
European markets ended mostly lower, with the German DAX leading declines at -0.83% and the UK’s FTSE 100 posting a modest gain of 0.27%. France’s CAC 40 and Italy’s FTSE MIB also fell, down 0.51% and 0.46%, respectively, while Spain’s Ibex slipped 0.18%.
US stocks extended losses, with the Dow dropping 600 points (-1.18%) to 50,279, the S&P 500 down 0.90% at 7,319.50, and the NASDAQ shedding 1.23% to 25,362.50. Treasury yields showed minimal movement ahead of a 10-year note auction, with the 2-year yield down 0.2 basis points and the 10-year yield unchanged.
Crude oil surged 3.07% to $90.99, hitting a high of $91.47, as inventories fell by 7.227 million barrels. Gold and silver prices declined, with gold down 3.13% to $4,126.16. Bitcoin traded at $62,148, remaining within its recent range of $59,100 to $64,197.