After the long weekend in Europe, EU equities aligned with Friday’s losses and tumbled at the open. The S&P was down (-2.8%) on a Friday for the first time in 4 weeks and the FTSE was down -2.3% (currently -0.2%). Today, all EU indices are down at least -3% and volumes are pretty mixed across the board. All indices are trading above their 20d AVAT except for the FTSE 100 and the IBEX (both trading -6% and -23% below their 20d respectively).
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