Closing changes for the major exchanges:

  • UK FTSE 100 -0.45%

  • French CAC -0.4%

  • Italy MIB +0.4%

  • Spain IBEX +0.4%

  • German DAX +0.2%

The drop in UK markets is mechanical, given the 1.6% rise in the pound. The drop in France is a bit more concerning and French voters are starting to get really tired of Macron which is worrisome because they're 3.5 years from an election.