European indices close lower led by the German DAX

<p>Major European indices are closing lower on the day. The declines are led by the German DAX which fell -1.08%.. The decline today sent the index lower for the week with one day left.</p><p>A snapshot of the closing levels shows:</p><ul><li>German DAX, -1.08%. For the trading week, the index is down -0.46%</li><li>Frances CAC, -0.38%. For the week, the index is holding onto a gain of 1.07%</li><li>UK's FTSE 100 -0.81%. For the trading week, it is down -0.64%</li><li>Spain Ibex -0.24%. For the trading week the index is down -0.73%</li><li>Italy's FTSE MIB +0.29%. For the trading week the index is down -0.82%.</li></ul><p>Looking at benchmark 10 year yields, yields were mostly lower:</p>

This article was written by Greg Michalowski at www.forexlive.com.