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Equities fall across Europe and US, German yields hit record low

FXStreet (Mumbai) - The risk-on rally triggered by the dovish tone of the Federal minutes (Fed) released yesterday has lasted just for a single day. The European and the US equity markets are not trading in the red.

European equities had opened higher today, although bulls could not capitalize on a strong opening. The Dax now trades marginally positive by 0.14%, while the Cac is down by 0.78%. The Ftse too, has lost 0.70% after a strong opening. In US, the DJIA is down 0.83% lower at 16854, driven lower by Energy shares.

Meanwhile, the ten-year treasury yields have stabilized around 2.32. The German bond yield has recovered from record lows of 0.859 hit earlier today, to trade at 0.894. The sharp slowdown in German exports has aggravated the economic concerns in Germany.

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