{"id":436187,"date":"2026-08-14T00:00:13","date_gmt":"2026-08-13T17:00:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/european-shares-close-lower-despite-the-us-tech-push-higher-436187\/"},"modified":"2026-08-14T00:00:13","modified_gmt":"2026-08-13T17:00:13","slug":"european-shares-close-lower-despite-the-us-tech-push-higher","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/european-shares-close-lower-despite-the-us-tech-push-higher-436187\/","title":{"rendered":"European shares close lower despite the US tech push higher"},"content":{"rendered":"<div>\n<p>European shares are closing lower on the day, failing to follow the mostly positive tone in U.S. equities. The declines come despite the softer-than-expected U.S. PPI data, which showed headline producer prices unchanged in July versus a 0.2% increase expected, while the year-on-year rate slowed to 4.7% from 5.5%. <\/p>\n<p>The major European indices are ending the session with declines across the board:<\/p>\n<ul>\n<li>\n<p>German DAX: 26,292.01, -0.15%<\/p>\n<\/li>\n<li>\n<p>France CAC 40: 8,650.57, -0.28%<\/p>\n<\/li>\n<li>\n<p>UK FTSE 100: 10,772.68, -0.56%<\/p>\n<\/li>\n<li>\n<p>Spain&#8217;s Ibex: 20,168.60, -0.18%<\/p>\n<\/li>\n<li>\n<p>Italy&#8217;s FTSE MIB: 53,668.60, -0.18%<\/p>\n<\/li>\n<\/ul>\n<p>The FTSE 100 was the weakest of the major indices, with weakness in mining shares contributing to the decline.<\/p>\n<p>In the European debt market, benchmark 10-year yields are lower across the board, helped in part by the decline in oil prices:<\/p>\n<ul>\n<li>\n<p>Germany: 3.134%, -3.4 basis points<\/p>\n<\/li>\n<li>\n<p>France: 3.947%, -4.1 basis points<\/p>\n<\/li>\n<li>\n<p>UK: 4.957%, -2.0 basis points<\/p>\n<\/li>\n<li>\n<p>Spain: 3.568%, -3.9 basis points<\/p>\n<\/li>\n<li>\n<p>Italy: 3.899%, -4.6 basis points<\/p>\n<\/li>\n<\/ul>\n<p>Crude oil remains lower on the day, although it has recovered sharply from its session low. WTI fell to $80.09, breaking below its <a href=\"https:\/\/investinglive.com\/technical-analysis\/crude-oil-price-breaks-lower-and-moves-below-the-100-hour-ma\/\" rel=\"follow\">100-hour moving average at $81.45<\/a>, but sellers could not sustain the downside momentum. The price has since snapped back higher and is trading around $82.56, down $0.65 on the day. Oil has been under pressure as demand concerns offset ongoing geopolitical supply risks.<\/p>\n<p>As London\/European traders head for the exits, U.S. stocks are mixed but tilted to the upside, with the Dow the lone major index trading lower:<\/p>\n<ul>\n<li>\n<p>Dow Industrial Average: 53,674.36, -0.19%<\/p>\n<\/li>\n<li>\n<p>S&amp;P 500: 7,777.26, +0.37%<\/p>\n<\/li>\n<li>\n<p>Nasdaq Composite: 26,712.35, +0.47%<\/p>\n<\/li>\n<li>\n<p>Russell 2000: 3,048.22, +0.09%<\/p>\n<\/li>\n<li>\n<p>Nasdaq 100: 30,003.72, +0.88%<\/p>\n<\/li>\n<\/ul>\n<p>The Nasdaq 100 is leading the gains and has pushed above the 30,000 level, while the S&amp;P is also solidly higher following the softer PPI report. The S&amp;P is on pace for a record close.\u00a0\u00a0<\/p>\n<p>U.S. Treasury yields are also moving lower across the curve:<\/p>\n<ul>\n<li>\n<p>2-year: 4.147%, -5.2 basis points<\/p>\n<\/li>\n<li>\n<p>5-year: 4.320%, -5.5 basis points<\/p>\n<\/li>\n<li>\n<p>10-year: 4.643%, -4.9 basis points<\/p>\n<\/li>\n<li>\n<p>30-year: 5.212%, -3.6 basis points<\/p>\n<\/li>\n<\/ul>\n<p>Overall, European traders are leaving behind a session characterized by lower European equities, falling global yields and weaker oil, while U.S. equities are taking a more positive view of the softer inflation data, particularly in the S&amp;P and Nasdaq.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>European shares are closing lower on the day, failing to follow the mostly positive tone in U.S. equities. The declines come despite the softer-than-expected U.S. PPI data, which showed headline producer prices&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-436187","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=436187"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436187\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}