European equity close: First bad day of the year

News

If you can make it all the way to January 19 without a truly tough day then it’s been a great start to the year:

  • Stoxx 600 -1.6%
  • German DAX -1.6%
  • France’s CAC -1.8%
  • UK’s FTSE 100 -1.0%
  • Spain’s IBEX -1.5%
  • Italy’s FTSE MIB +0.3%

The question is, whether European stocks fall hard or this is simply a retest of the breakout.

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