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Some downside continuation in Europe

  • Some downside continuation in European Equities, with Estoxx (VGM3) testing intraday, low.
  • In Cash Stoxx600, Banks aren't the worst performers, but Media is, down some 3.92%, although Banks stocks are still down some 4.34% in the past 5 days, and 1.11% for today.
  • SX7E is under continued pressure, on US Bank credit concerns, and the Bank index is at its lowest level since 29th March, next support will be seen at 97.02.

Chart source: MNI/Bloomberg

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