Overview
- Futures indicate the DAX at 23,934, down about 1.4%, putting the often-tested 24,000-point support at risk after last week’s failed breakout to 24,771.
- The Dow, S&P 500 and Nasdaq fell roughly 0.5%–0.6% after two smaller U.S. banks reported loan-quality problems, and Asian markets turned lower.
- Gold traded near a new peak around $4,372 per ounce after topping $4,380, reflecting haven demand and continued expectations for additional Fed cuts.
- Recent Fed signals kept easing hopes alive, with Jerome Powell leaving room for further reductions and the Beige Book describing a largely steady economy.
- Brent crude slipped to about $60.89 a barrel as risk aversion increased, while the euro strengthened to roughly $1.171 on broad dollar weakness.