Stocks Just Had A Terrible Close In Europe, And The US Is Getting Crushed

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Photo: Wikimedia COmmons

European markets just marked a terrible close, with the German DAX and French CAC 40 closing down over 2 per cent:FTSE 100: -1.9%
CAC 40: -1.8%
DAX: -1.9%
FTSE MIB: -1.6%
IBEX 35: +0.4%

Only Spain escaped the carnage, although it ended well off its highs for the day (at one point it had risen more than 1 per cent).

Ugly PMI data across the eurozonedisappointing jobs numbers in the U.S., and angst over this weekend’s elections in Greece, France, and Germany all contributed to the sell-off.

Meanwhile, the U.S. continues to get crushed, with the NASDAQ leading the way and off nearly 2 per cent.

 

MORE: This Weekend’s Elections May Just Be The Best Thing That Could Happen To Europe >

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