European indices declined across the board as money flows into the US stocks

The major European indices fell in trading today after corrective moves to the upside stalled today. There also is a shift out of the European stocks and back into the US indices The S&P index is up around 1% while the NASDAQ index is up around 1.4%.

A snapshot of the European closes shows:

• France’s CAC, -1.51%
• German DAX, -0.59%
• UK’s FTSE 100 -0.44%
• Spain’s Ibex -0.22%
• Italy’s FTSE MIB -0.72%

This article was written by Greg Michalowski at www.forexlive.com.