Stock markets are tumbled in Europe.
France fell 0.6%.
Germany fell 0.1%.
Spain fell 1.2%.
Italy fell 1.7%.
Earlier this morning, Spain had a debt auction which went smoother than expected. However, it was not enough to offset concerns raised by new manufacturing reports.
China also registered another sub-50 HSBC Flash manufacturing PMI number. which means the industry is contracting. Output hit a 10-month low.
Here’s the Italy’s FTSE MIB:
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