It was a painful day for European stock market bulls on Wednesday as broad-based selling hit, despite a German CPI report that could pave the way for an earlier ECB pause.
- Stoxx 600 -1.1%
- German DAX -1.7%
- UK FTSE 100 -1.0%
- French CAC -1.7%
- Italy MIB -2.1%
- Spain IBEX -1.4%
The break and close below the May lows in the DAX is a bad look
I also don’t like the look of the monthly chart.
The DAX party is over