European equities slump into the close

  
Analysis, Global Indices

Closing changes for the main bourses:

Rough start to the week after a poor run last week:
  • German DAX -1.5%
  • French CAC -1.2%
  • UK FTSE 100 -0.5%
  • Spain IBEX -0.5%
  • Italy MIB -1.3%
European stocks didn’t participate in the rebound led by US equities late on Friday so the losses are narrower than the 2.3% decline in the S&P 500. Plus, Europe isn’t in the middle of a trade war with China.
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