Europe's Response To Merkel: Sell

Europe’s response to Germany’s overnight unilateral decision to stop naked short selling and CDS trading on certain securities is serious losses across the continent’s indices.

Spain’s IBEX is down 2.6%, Portugal’s PSI is down 2.1%, and Italy’s MIB is down 3.3%.

The French CAC 40, down 2.5%

CAC 519

The German DAX, down 2.4%

DAX 519

The UK’s FTSE, down 2.4%

FTSE 519

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