Yesterday’s reversal sparked some optimism, but today was another tough day in Europe as PPI data hammered the bond market and added fears of an ugly stagflationary environment.
- Stoxx 600 -1.1%
- UK FTSE 100 -0.7%
- French CAC 40 -1.4%
- German DAX -1.0%
- Italian MIB -1.7%
- Spain IBEX -1.4%
There is a little more room for maneuver in the national indices but the Stoxx 600 is close to the breaking point.
This article was written by Adam Button on forexlive.com.