European equity close: Not a pretty picture

There weren’t any silver linings in today’s price action. Stocks in Europe were hit hard, with no one spared.

  • UK FTSE 100 -2.5%
  • German DAX -3.6%
  • French CAC -3.7%
  • Italy MIB -3.9%
  • Spain IBEX -2.9%

The DAX is now flirting with the October lows and the lows from last May. Another day like today and we’ll be talking about 10-month lows.

German DAX daily

For US markets, we’ve seen some interim bottoms lately after Europe closes. However they’ve all gone bust late in the day, so keep that in mind.

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