European equity close: DAX falls back below 20,000

It was something of a ‘catch up’ trade day for Europe as all the pain in US stocks yesterday took place after the European close. Despite that, it wasn’t that bad which is something of a win. Unfortunately though, European energy prices are soaring again and Germany’s auto manufacturing industry is being overrun by China.

Closing changes:

• Stoxx 600 -1.5%
• German DAX -1.2%
• France CAC -1.2%
• UK FTSE 100 -1.2%
• Spain IBEX -1.5%
• Italy’s FTSE MIB -1.7%

This article was written by Adam Button at www.forexlive.com.