Closing changes for the main European bourses:

  • UK FTSE -0.7%
  • German DAX -0.65%
  • French CAC -0.6%
  • Spain IBEX -1.2%
  • Italy MIB -2.7%
  • Portugal PSI -4.2%

European shares were a good trade for about the first 5 months of the year but those gains are long gone. The DAX down now 4.4% year-to-date and the PSI is down 15%.

Portugal PSI 20

Portugal PSI 20

Italian stocks were once the best performer in the world but are up now just 3.2% ytd.