Closing changes for the main European bourses:
- UK FTSE +2.4%
- French CAC +2.5%
- German DAX +2.2%
- Italy MIB +2.7%
- Spain IBEX +1.7%
Changes in Q3:
- UK FTSE -7.3%
- French CAC -7.0%
- German DAX -11.8%
- Italy MIB -5.4%
- Spain IBEX -11.4%
It was a rough three months capped by the Volkswagen fiasco over the past week. With the bounce today, there's some optimism that the August lows will hold, but it's early. So far all the major indexes have held except for Spain.
The German DAX is a key spot to watch. It might take a hint about more QE from the ECB to get the upward momentum working again.
