Overview
- DAX falls to roughly 22,990–22,997, its lowest since May, after slipping below its 200‑day average and heading for a weekly loss of about 3.7%.
- Wall Street’s Nvidia-fueled bounce faded, with the Nasdaq down 2.2%, S&P 500 off 1.6%, Dow Jones down 0.8%, and Nvidia shares reversing to a loss of about 3%.
- Asian markets followed lower, with Japan’s Nikkei down roughly 2.1%–2.4% and Shanghai off about 1.9%.
- Reduced odds of a December Fed cut following labor readings weighed on risk assets, while Bitcoin sank to a multi‑month low near $85,000–$90,000.
- Oil extended losses on oversupply forecasts from Goldman Sachs and the IEA, while gold hovered near record highs around $4,000 and safe‑haven currencies like the Swiss franc strengthened as the dollar index held near 99.