It was a tough start to the new month in Europe, similar to heavy selling in Japan.
Closing changes:
- Stoxx 600 +1.3%
- German DAX +2.3%
- UK FTSE 100 +1.1%
- French CAC +2.2%
- Italy MIB -2.6%
- Spain IBEX -2.0%
BMW shares were beaten up today after earnings and German stocks are now testing the July lows.
This article was written by Adam Button at www.forexlive.com.