European indexes closed in the red in slow start to the week

• Indexes reversed their early gains and end the day with losses.
• Bond yields continued advancing, denting demand for equities.

European equities closed in the red after a decent start to the week, giving up their early gains to end in the red. The FTSE 100 closed at 7,247.66, down 46 points for the day, while the German DAX lost 66 points or 0.53%, to end at 12,385.60. Regional yields, on the other hand, posted modest advances  with the yield for the 10-year bonds in the UK and Germany up by over 2 basis point each, undermining equities.

With the US markets on holidays, volumes were extremely thin within European ones. In the meantime, US indexes are lower in futures trading, after sixth consecutive daily advances, albeit the intraday ranges are also limited.