Europe's Closed, And Boy Did Their Markets Get Hammered

Markets across Europe have closed for the day, and with Greek and Portuguese debt downgrades beating the bell, the markets had a short time to react. And react they did.

The Portuguese exchange, the PSI, is off 5.36% at close:

PSI 427

The CAC 40 closed down 2.69% (note the sharp drop near the end of the day’s trading):

CAC 40

The German DAX followed the same pattern, off 2.49%:

DAX

The FTSE 100 experienced a similar drop, losing 2.06%, but has not yet closed.

FTSE 100

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.