European Stocks Close: Stock Markets Head In The Opposite Direction Against The Euro

Daily DAX

The Euro is higher today on the ECB’s 75 basis point outlook for next week (now fully priced in), but these rate hikes won’t help either the Eurozone economy or equity markets.

  • Stoxx 600 -1.0%
  • German DAX -0.9%
  • FTSE 100 UK -1.0%
  • CAC France -1.2%
  • Italy MIB -1.0%
  • IBEX Spain -0.7%

Yesterday’s rally in the DAX has faded sharply and with today’s decline we are back within striking distance of the weekly lows.


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