Technical Analysis

European equity close: Heavy selling on the ECB turn

<p>It was a rough one in Europe as Lagarde took a decidedly hawkish stance.</p><ul><li>Stoxx 600 -2.8%</li><li>German DAX -3.2%</li><li>France's CAC, -3.2%</li><li>UK's FTSE 100 -1.0%</li><li>Spain's Ibex -1.7%</li><li>Italy's FTSE MIB -3.3%</li></ul><p>This ends a period of consolidation for the German DAX and puts to rest the quick-pivot trade.</p>

This article was written by Adam Button at

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