European equity close: An ugly turnaround after a record high in the DAX

Shortly after the open today, the DAX hit a record high but profit taking hit hard and it finished down 1.8% in a somewhat-ugly candle that highlights an outside reversal. It closed at the lows.

Closing changes:

• Stoxx 600 -1.0%
• German DAX -1.7%
• France CAC -1.3%
• UK FTSE 100 -0.7%
• Spain IBEX -1.75%
• Italy’s FTSE MIB -0.6%

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