European equity close: Down but well-above the lows

It was looking like a brutal day for European stocks but there has been a major turn in markets following the better PCE report and dip-buying ahead of a potential US government deal/

Closing changes on the day:

• Stoxx 600 -0.8%
• German DAX -0.3%
• France CAC -0.1%
• UK FTSE 100 -0.2%
• Spain IBEX +0.4%
• Italy’s FTSE MIB -0.1%

On the week:

• Stoxx 600 -2.7%
• German DAX -2.4%
• France CAC -1.7%
• UK FTSE 100 -2.4%
• Spain IBEX -2.4%
• Italy’s FTSE MIB -3.25%

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