It was looking like a brutal day for European stocks but there has been a major turn in markets following the better PCE report and dip-buying ahead of a potential US government deal/
Closing changes on the day:
- Stoxx 600 -0.8%
- German DAX -0.3%
- France CAC -0.1%
- UK FTSE 100 -0.2%
- Spain IBEX +0.4%
- Italy’s FTSE MIB -0.1%
On the week:
- Stoxx 600 -2.7%
- German DAX -2.4%
- France CAC -1.7%
- UK FTSE 100 -2.4%
- Spain IBEX -2.4%
- Italy’s FTSE MIB -3.25%
This article was written by Adam Button at www.forexlive.com.