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European equities close: near June lows


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.

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