European Markets Keep Plunging, DAX Now Off 2.7%

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Since yesterday European markets have been moving down in fits.

The DAX is off 2.6% now after a tumble at the open. Yesterday it suffered a mini-flash crash and was down 400 points at one point.

In the past month the German market is down around 23% compared to 10% losses for the Dow.

Similar story around Europe. Today the CAC40 is down 2.3% and the FTSE is off 1.4%.

After a slightly disappointing GDP revision,  Dow futures have turned lower, down around 70 points.

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