European Markets Just Got Punched In The Face

black eye injury punch hurt

Photo: Tom Purves via Flickr

European markets fell sharply today, as worries about an imminent downgrade of Italian banks and poor economic data fed investor worries over the state of the European economy and the sovereign debt crisis.FTSE 100: -1.03%
CAC 40: +0.28%
DAX: -0.87%
FTSE MIB: -2.49%
FTSE 100: -2.57%

Despite concerns about the Italian financial sector, losses were still led by Spain, where nearly 25 per cent of workers and more than half of the youth populations is unemployed.

Here’s what happened today in the IBEX 35:

chart

Photo: Bloomberg

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