Tough week for European stock traders but the losses today were minimal:

  • UK FTSE +0.3%
  • German DAX +0.1%
  • French CAC -0.1%
  • Spain IBEX -0.3%
  • Italy MIB -0.3%

On the week:

  • UK FTSE -1.0%
  • German DAX -1.7%
  • French CAC -2.3%
  • Spain IBEX -1.75%
  • Italy MIB -3.0%

Outflows from European stocks are a drag for the euro and a week like this will only add to the pressure.