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BREAKING: Indices drop amid global tech outages

8:38 AM 19 July 2024

European indices as well as US index futures are pulling back today, with news of global tech outages driving the pullback. Media reports say that a number of companies are facing technical issues after Microsoft saying its cloud services are down. Airlines in the United States have grounded some of their flights due to communication issues, while traffic in Berlin, Germany was halted completely until 9:00 am BST. A number of banks has also reported issues. CrowdStrike also said that it has suffered major outage that has hit clients globally.

DE40 erased earlier gains and now trades 0.4% lower on the day. Index is testing 18,400 pts support zone. Source: xStation5

US100 plunges back below 19,900 pts on news of global tech outages. Source: xStation5

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