Photo: via Wrecked Exotics
Markets continue to get whacked in Europe.England’s FTSE 100 is down 0.5%.
France’s CAC 40 is down 1.0%.
Germany’s DAX is down 0.6%.
Spain’s IBEX is down 1.5%.
Italy’s FTSE MIB is down 1.3%.
German business confidence, as measured by the Ifo Institute, sank to 101.4. This is the lowest level since February 2010. SocGen’s Klaus Baader wrote that this reflects a 0% GDP growth rate for Europe’s largest economy.
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