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Munich

Selling intensifies late in the day

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UK markets were closed today

There’s a negative tone in early week trade with Japan also falling by 1%. That could reflect some end-of-month flows. We’ll get a better picture tomorrow when liquidity returns.

  • German DAX -0.7%
  • Spain IBEX -0.9%
  • French CAC -0.7%
  • Italy MIB +0.2%

About half of the selling came in the final 40 minutes of trade, at the same time as the jumps in the US dollar against the yen, euro and pound.

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