The start of today's session on the Old Continent brings a marked deterioration in investor sentiment. The main European benchmarks are losing in the face of the overtones of yesterday's FOMC Minutes, which confirmed that the decision to pause in raising interest rates in the US was temporary and that the further process of further tightening is likely to resume. The German DE30 is currently losing nearly 1%, the French FRA40 is off 1.5%, and the European EU50 is subtracting 1.25%.
The German DE30 is breaking out below the lower limit of its uptrend and descending into the region of the late June low. Source: xStation 5
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Cash quotations of major indices in Europe. Source: Bloomberg
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