{"id":436396,"date":"2026-08-17T23:01:46","date_gmt":"2026-08-17T16:01:46","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/european-stocks-close-mostly-lower-as-yields-rise-436396\/"},"modified":"2026-08-17T23:01:46","modified_gmt":"2026-08-17T16:01:46","slug":"european-stocks-close-mostly-lower-as-yields-rise","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/european-stocks-close-mostly-lower-as-yields-rise-436396\/","title":{"rendered":"European stocks close mostly lower as yields rise"},"content":{"rendered":"<div>\n<p>As London\/European traders head for the exits, the major European stock indices are closing mostly lower. France&#8217;s CAC 40 and Spain&#8217;s Ibex led the declines, while Italy&#8217;s FTSE MIB managed to finish virtually unchanged.<\/p>\n<p>The closing levels show:<\/p>\n<ul>\n<li>\n<p>German DAX: -0.27% at 26,369.65<\/p>\n<\/li>\n<li>\n<p>France CAC 40: -0.66% at 8,579.61<\/p>\n<\/li>\n<li>\n<p>UK FTSE 100: -0.28% at 10,720.31<\/p>\n<\/li>\n<li>\n<p>Spain&#8217;s Ibex: -0.73% at 20,010.30<\/p>\n<\/li>\n<li>\n<p>Italy&#8217;s FTSE MIB: +0.01% at 53,586.98<\/p>\n<\/li>\n<\/ul>\n<p>In the European debt market, benchmark 10-year yields moved higher across the board. Italy saw the largest move among the major markets, with its 10-year yield rising 3.3 basis points.<\/p>\n<ul>\n<li>\n<p>Germany: 3.222%, +1.0 bp<\/p>\n<\/li>\n<li>\n<p>France: 4.067%, +1.5 bps<\/p>\n<\/li>\n<li>\n<p>UK: 5.064%, +1.8 bps<\/p>\n<\/li>\n<li>\n<p>Spain: 3.666%, +0.8 bp<\/p>\n<\/li>\n<li>\n<p>Italy: 4.028%, +3.3 bps<\/p>\n<\/li>\n<\/ul>\n<p>In the forex market, the U.S. dollar is mostly lower against the major currencies. The Australian (+0.37%), Swiss frand (+0.36%) and New Zealand (+0.25%) dollars are the strongest performers but each are well off the day&#8217;s extremes.\u00a0 The JPY is the only currency that is lower vs the USD with a modest decline of 0.06% on the day.\u00a0 A snapshot of the change in the major currency pairs shows:\u00a0<\/p>\n<ul>\n<li>\n<p>EURUSD: +0.10% at 1.1581<\/p>\n<\/li>\n<li>\n<p>USDJPY: +0.06% at 159.39<\/p>\n<\/li>\n<li>\n<p>GBPUSD: +0.15% at 1.3550<\/p>\n<\/li>\n<li>\n<p>USDCHF: -0.36% at 0.8102<\/p>\n<\/li>\n<li>\n<p>USDCAD: -0.02% at 1.3871<\/p>\n<\/li>\n<li>\n<p>AUDUSD: +0.37% at 0.7107<\/p>\n<\/li>\n<li>\n<p>NZDUSD: +0.25% at 0.5904<\/p>\n<\/li>\n<\/ul>\n<p>As European traders head home, U.S. stocks are mixed. The Dow, S&amp;P and Russell 2000 are lower, while the Nasdaq indices are holding onto modest gains.<\/p>\n<ul>\n<li>\n<p>Dow: -204 points or -0.38% that 53523<\/p>\n<\/li>\n<li>\n<p>S&amp;P: -11 points or -0.14% at 7774.90<\/p>\n<\/li>\n<li>\n<p>Nasdaq Composite: +44 points or 0.16% had 26772<\/p>\n<\/li>\n<li>\n<p>Nasdaq 100: +1.05 points or 0.35% at 30152<\/p>\n<\/li>\n<li>\n<p>Russell 2000: -10.36 points or -0.34% at 3058.03<\/p>\n<\/li>\n<\/ul>\n<p>Technology shares are providing some support, but that strength has not been enough to pull the broader market uniformly higher. The Russell 2000 is the weakest of the major U.S. indices, while the Nasdaq 100 is the best performer.<\/p>\n<p>Fundamentally,<\/p>\n<ul>\n<li>Canada&#8217;s inflation ran slightly hotter than expected in July, with headline CPI rising 3.0% year-over-year versus 2.9% expected, up from 2.8% in June, while prices increased 0.5% month-over-month. The Bank of Canada&#8217;s underlying measures also firmed, with core CPI rising to 2.3% y\/y, median CPI at 2.0%, trim at 1.9%, and common CPI at 2.7%. Much of the headline pressure came from energy and transportation, led by a 25.7% y\/y rise in gasoline prices, while travel tours and airfares also climbed sharply, partly reflecting higher fuel costs and World Cup-related demand. Excluding gasoline, however, inflation remained considerably more subdued, with falling rents, accommodation costs and vehicle prices providing offsets. Overall, the report was somewhat hotter than expected but heavily influenced by energy-related pressures, leaving the Bank of Canada in neutral territory for now while adding to market expectations for a potential rate hike later this year.<\/li>\n<li>The Empire Manufacturing Index jumped to 20.6 in August, well above the 11.0 estimate and up from 15.6 in July, marking the strongest growth in New York manufacturing in more than four years. New orders remained solid and employment continued to expand, while the six-month outlook improved. However, rising prices paid, growing order backlogs, longer delivery times and worsening supply availability point to increasing cost and supply-chain pressures despite the strong headline reading.<\/li>\n<li>\n<p class=\"PDq2pG_selectionAnchorContainer\">The NAHB Housing Market Index rose to 35 in August, above the 33 estimate and up from 34 in July, signaling a modest improvement in homebuilder sentiment. Current single-family sales improved to 39, while expectations for sales over the next six months held at 43 and prospective buyer traffic remained weak at 23. Despite the uptick, sentiment remains deeply depressed, with elevated mortgage rates and rising long-term Treasury yields continuing to weigh heavily on housing demand and affordability.<\/p>\n<\/li>\n<\/ul>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>As London\/European traders head for the exits, the major European stock indices are closing mostly lower. France&#8217;s CAC 40 and Spain&#8217;s Ibex led the declines, while Italy&#8217;s FTSE MIB managed to finish&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-436396","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436396","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=436396"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/436396\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=436396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=436396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=436396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}