European equity close: Rough day but off the lows
Big declines across the board
Yesterday was the best day in the DAX in seven weeks with a 1.1% gain but all that has been wiped out and more today.
- DAX -1.8%
- UK FTSE 100 -1.7%
- French CAC -2.1% (worst since April 20)
- Spain IBEX -2.3%
- Italy MIB -2.6%
There was a moderate bounce in the final 30 minutes of trading that has extended in US trading, where the S&P 500 has trimmed its decline to 40 points.