The major European indices are off to a bad start for the month of August. All are lower on the day and closing near the lows for the day. The declines are led by Spain’s Ibex which fell -1.44%.
A snapshot of the closing levels shows:
- German DAX, -1.26%
- France’s CAC, -1.22%
- FTSE 100, -0.43%
- Spain’s Ibex, -1.44%
- Italy’s FTSE MIB
The German DAX reached a new all-time high during trading yesterday at 16528.97. Today’s rotation to the downside is a disappointment for buyers on the break.
German Dax comes off of all time highs
Spain’s Ibex also reached a new high level recently (on Friday) at 9741. 90. The price did move lower yesterday and continued its decline in trading today.