European shares can’t escape the US selling. Close lower on the day/week.

Major indices erase early week gains and close lower for the week

The European shares could not escape the tumble in the US indices. Nevertheless although they are lower, the declines for most of the indices are a little more contained. The provisional closes are showing:
  • German DAX, -2.0%
  • France CAC, -1.2%
  • UK’s FTSE 100, -1.1%
  • Spain’s Ibex, -0.4%
  • Italy’s FTSE MIB, -1.0%

For the week, the FTSE 100 led the way to the downside. All the under indices also fell.

  • German DAX, -1.8%
  • France’s CAC, -1.05%
  • UK’s FTSE 100, -3.5%
  • Spain’s Ibex, -2.1%
  • Italy’s FTSE MIB, -2.35%