European equities finished the session broadly lower, with Spain’s Ibex leading the declines. The selling pressure was fairly widespread across the region as risk sentiment remained cautious. Despite the drop today, the weekly picture remains mixed with some indices still holding gains for the week heading into the final trading day.

European closing levels (today):

• German DAX: -0.29%

• France CAC: -0.71%

• UK FTSE 100: -0.47%

• Spain Ibex: -1.22%

• Italy FTSE MIB: -0.71%

With one trading day left in the week, performance across the region is mixed. Germany and France are modestly lower for the week, while Spain and Italy continue to show gains despite today’s pullback.

Week-to-date performance:

• German DAX: -0.08%

• France CAC: -0.11%

• UK FTSE 100: +0.20%

• Spain Ibex: +0.38%

• Italy FTSE MIB: +0.69%

As the London/European trading day winds down, U.S. equities are also trading lower, although prices are off their worst levels of the session.

U.S. stock indices:

• Dow Industrial Average: -0.97%

• S&P 500: -0.98%

• NASDAQ: -1.21%

Meanwhile, U.S. Treasury yields are moving higher, continuing the recent upward pressure on rates.

U.S. yields:

• 2-year yield: 3.719% (+8.4 bps)

• 10-year yield: 4.241% (+3.5 bps) – testing the key 4.25% level

• 30-year yield: 4.872% (+1.6 bps)

Later today at 1:00 PM ET, the U.S. Treasury will auction 29-year, 11-month bonds (a reopening of last month’s 30-year issue). Earlier in the week, the 3-year and 10-year note auctions on Tuesday and Wednesday were met with relatively tepid demand, which helped keep upward pressure on yields.

This article was written by Greg Michalowski at investinglive.com.