Major European shares tumble on "risk off" trading flows

Technical Analysis

Author: Greg Michalowski | european-shares

German DAX down -3.43%%. France's CAC, -2.92%

The European shares tumbled in trading today as global risk concerns are elevated.  

The major indices are all closing at session lows led by the German DAX which fell -3.43%

A look at the closing levels shows:
  • German DAX, -3.43%
  • France's CAC, -2.92%
  • UK's FTSE -3.11%
  • Spain's Ibex, -3.15%
  • Italy's FTSE MIB -3.42%

German DAX down -3.43%%. France's CAC, -2.92% The US shares are also currently trading at session lows with the Dow industrial average leading the way to the downside with a -3.08% decline.
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