Closing changes for the major European markets:
- UK FTSE 100 -1.4%
- German DAX -0.5%
- French CAC -1.6%
- Italy MIB -2.0%
Italy closed on the lows but the consolidation/wedge continues. This pattern doesn't look like it will last for long:
On the week:
- UK FTSE 100 -1.8%
- German DAX -1.1%
- French CAC -4.6%
- Italy MIB -2.0%
European stocks held up ok but tack on the 3% decline in the euro and it's not pretty.
