The Spanish IBEX 35 is getting absolutely destroyed this morning, after starting the day on a positive note.
It’s now down nearly 2.6 per cent. The Italian FTSE MIB is not far behind, down nearly 2 per cent. Surprisingly, the CAC 40 is holding onto early gains despite some dismal PMI numbers—it’s still in the green for the day at 0.5 per cent higher.
UPDATE: The IBEX 35 extended losses right after today’s dismal U.S. ADP jobs report, and is now off a full 3 per cent.
Both the CAC 40 and the German DAX remain in the green.
UPDATE II: Italy is catching up to Spain on losses, as rumours about an imminent downgrade of its banks fuels a sell-off.
The FTSE MIB is now off more than 2.7 per cent. The IBEX is now off 3.2 per cent.
Check out the IBEX 35 today: