Closing changes for the main bourses:

  • UK FTSE 100 -1.3%

  • German DAX -1.2%

  • French CAC -1.4%

  • Italy MIB -0.1%

  • Spain IBEX -0.5%

Italy outperformed on positive signs on a budget agreement with the EU.

The CAC 40 has really faded after what looked like it could be a double bottom. Macron looks to be backing down on the gas tax but the amount of intraday selling every day is troublesome.