Closing changes for the main European bourses

  • German DAX -1.5%
  • UK FTSE -0.9%
  • French CAC -1.0%
  • Spain IBEX -1.3%
  • Italy MIB -1.50%

The euro is up 0.5% so that mitigates some of the pain for foreign investors. Otherwise, there isn't much of a silver lining in the cloud of losses.

The German DAX, in particular, is looking vulnerable as it breaks support.