European markets just closed after experiencing a brutal sell-off.
England’s FTSE fell 1.9%.
France’s CAC 40 fell 2.1%
Germany’s DAX tumbled 2.1%
Spain’s IBEX fell 1.7%
Italy’s FTSE MIB tanked 2.6%.
A string of Flash PMI reports across Europe improved, but still came in below the 50-level. This suggests that Europe’s manufacturing and services industries are still contracting.
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