European indices look for a bounce after a dreadful past few sessions

• Eurostoxx +1.0%
• Germany DAX +0.8%
• France CAC 40 +1.3%
• UK FTSE +1.3%
• Spain IBEX +0.1%
• Italy FTSE MIB +1.2%

The drop yesterday wasn’t as brutal as it was at the open at least. But amid a slight pick up in the risk mood for now, European indices are holding higher in the early stages. S&P 500 futures are seen up 1.5% currently. The over 4% decline in the DAX nearly erased its year-to-date gains while the CAC 40 did fall at one point to test its October 2023 lows.

This article was written by Justin Low at www.forexlive.com.



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