{"id":439213,"date":"2026-10-01T23:43:36","date_gmt":"2026-10-01T16:43:36","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/european-stocks-close-lower-dax-holds-key-support-at-200-day-ma-ftse-finishes-below-its-200-day-ma-439213\/"},"modified":"2026-10-01T23:43:36","modified_gmt":"2026-10-01T16:43:36","slug":"european-stocks-close-lower-dax-holds-key-support-at-200-day-ma-ftse-finishes-below-its-200-day-ma","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/european-stocks-close-lower-dax-holds-key-support-at-200-day-ma-ftse-finishes-below-its-200-day-ma-439213\/","title":{"rendered":"European stocks close lower. DAX holds key support at 200 day MA; FTSE finishes below its 200-day MA"},"content":{"rendered":"<div>\n<p>European stocks closed sharply lower to start October, with all five major indices declining. Germany\u2019s DAX held just above its key 200-day moving average, giving buyers a level to lean against. The UK FTSE 100, however, could not sustain its recovery above that same technical barometer and closed below it.<\/p>\n<p>The closing levels showed:<\/p>\n<ul>\n<li>\n<p>German DAX: 24,939.36, down 259.84 points or 1.03%.<\/p>\n<\/li>\n<li>\n<p>France\u2019s CAC 40: 7,835.32, down 129.20 points or 1.62%.<\/p>\n<\/li>\n<li>\n<p>UK FTSE 100: 10,428.26, down 177.75 points or 1.68%.<\/p>\n<\/li>\n<li>\n<p>Spain\u2019s IBEX 35: 19,005.30, down 420.90 points or 2.17%.<\/p>\n<\/li>\n<li>\n<p>Italy\u2019s FTSE MIB: 50,237.86, down 1,134.11 points or 2.21%.<\/p>\n<\/li>\n<\/ul>\n<p>German DAX: Buyers lean against the 200-day moving average<\/p>\n<\/p>\n<p>The DAX fell to a session low of 24,831.60, just above its 200-day moving average at 24,828.76. Buyers stepped in against that level, helping the index recover some of its losses into the close.<\/p>\n<p>That moving average remains a key support level going forward. Stay above, and buyers have a foundation for a recovery. Move below, and the technical picture becomes more bearish.<\/p>\n<p>However, holding support is only the first step. The index remains below its 100-day moving average at 25,375.46, with the 100-hour moving average near 25,447 and 200-hour moving average near 25,576 providing additional resistance.<\/p>\n<p>Buyers need to get\u2014and stay\u2014above those levels to put themselves back in control. Until then, the rebound remains a recovery within the recent move lower.<\/p>\n<p>UK FTSE 100: Buyers had their shot. They could not hold it.<\/p>\n<\/p>\n<p>The FTSE 100 fell below its 200-day moving average at 10,451.85, bounced back above it, but could not sustain the recovery. By the close, the index had moved back below that key level, finishing at 10,428.26.<\/p>\n<p>That leaves the bias in the sellers\u2019 favor. The next downside target is 10,327.75, the 50% midpoint of the move higher from the March 2026 low.<\/p>\n<p>For buyers, the first requirement is a sustained move back above 10,451.85. Staying below keeps sellers more in control and the midpoint target in play.<\/p>\n<\/p>\n<p>Markets at 12:30 PM ET: European yields diverge; U.S. Treasury yields fall<\/p>\n<p>European 10-year yields were mixed. German and UK yields declined, while French and Italian yields rose, widening their yield spreads over Germany.<\/p>\n<ul>\n<li>\n<p>Germany: 3.496%, down 8.6 basis points.<\/p>\n<\/li>\n<li>\n<p>France: 4.932%, up 7.1 basis points.<\/p>\n<\/li>\n<li>\n<p>UK: 5.393%, down 4.2 basis points.<\/p>\n<\/li>\n<li>\n<p>Spain: 4.149%, up 0.5 basis points.<\/p>\n<\/li>\n<li>\n<p>Italy: 4.691%, up 6.6 basis points.<\/p>\n<\/li>\n<\/ul>\n<p>U.S. stocks trade modestly lower<\/p>\n<p>The major U.S. stock indices were slightly lower, while the Russell 2000 outperformed with a modest gain.<\/p>\n<ul>\n<li>\n<p>Dow industrials: 50,843.07, down 68.02 points (-0.13%).<\/p>\n<\/li>\n<li>\n<p>S&amp;P 500: 7,647.88, down 3.66 points (-0.05%).<\/p>\n<\/li>\n<li>\n<p>Nasdaq Composite: 26,823.65, down 37.41 points (-0.14%).<\/p>\n<\/li>\n<li>\n<p>Nasdaq 100: 30,372.10, down 36.42 points (-0.12%).<\/p>\n<\/li>\n<li>\n<p>Russell 2000: 2,804.20, up 7.33 points (+0.26%).<\/p>\n<\/li>\n<\/ul>\n<p>U.S. bonds rally, with shorter-term yields leading the decline<\/p>\n<p>Treasury yields moved sharply lower, with the largest declines at the shorter end of the curve.<\/p>\n<ul>\n<li>\n<p>2-year yield: 4.7914%, down 9.56 basis points.<\/p>\n<\/li>\n<li>\n<p>5-year yield: 5.0089%, down 8.01 basis points.<\/p>\n<\/li>\n<li>\n<p>10-year yield: 5.2343%, down 5.87 basis points.<\/p>\n<\/li>\n<li>\n<p>30-year yield: 5.5954%, down 4.36 basis points.<\/p>\n<\/li>\n<\/ul>\n<p>The larger drop in shorter-term yields steepened the Treasury curve. Despite the relief from lower yields, the major U.S. stock indices remained modestly in negative territory. The\u00a0markets are pricing in a 30% chance of a Fed hike at the October meeting. That is down from 54% just 2 days ago.<\/p>\n<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>European stocks closed sharply lower to start October, with all five major indices declining. Germany\u2019s DAX held just above its key 200-day moving average, giving buyers a level to lean against. The&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-439213","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439213","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=439213"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439213\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}