last updated: 8/7/2025 9:01:30 AM NY time

European Market Update

Date: April 8, 2025

Market Performance

The European markets faced declines today, with major indices showing negative trends. Italy's IT40 index led the losses with a drop of over 1.6%, followed by France's CAC 40 down more than 1.1%, and Germany's DAX falling by 0.8%. The UK's FTSE 100 remained relatively stable【4:14†source】.

Economic Indicators

Germany's Consumer Price Index (CPI) inflation held steady at 2% year-over-year, but monthly data exceeded expectations, showing a 0.3% increase compared to the forecast of 0.2%【4:14†source】.

Forex Market Insights

The euro rebounded against most major currencies, gaining 0.9% against the yen, 0.35% against the pound, and 0.1% against the dollar, which traded flat overall. The only exception was the Swiss franc, where the euro declined slightly【4:14†source】.

Technical Analysis

DE10YB_EUR

Last closing price: 130.257

9/13 count signal: Buy

Technical indicators: EMA (10): LONG, SMA (10): LONG, EMA (20): LONG, SMA (20): LONG【4:0†source】.

DE30_EUR

Last closing price: 23765.1

9/13 count signal: Buy

Technical indicators: EMA (10): SHORT, SMA (10): SHORT, EMA (50): LONG, SMA (50): LONG【4:6†source】.

EU50_EUR

Last closing price: 5237.9

9/13 count signal: Buy

Technical indicators: EMA (10): SHORT, SMA (10): SHORT, EMA (200): LONG, SMA (200): LONG【4:7†source】.

Commodities and Precious Metals

In the precious metals market, gold rose by approximately 0.7%, testing the $3,300 per ounce level, while silver, platinum, and palladium saw declines. In commodities, oil futures faced pressure with Brent crude down over 0.9% and WTI down nearly 1.2%【4:14†source】.

Cryptocurrency Market

The cryptocurrency market showed signs of optimism, with major cryptocurrencies trading higher. Bitcoin rose by 0.5% to $118,100, Ethereum increased by 0.6% to $3,791, while Solana and Ripple also saw gains of 1.4% and 0.7%, respectively【4:14†source】.