European equity close: Early flash crash recovers but the losses mount

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European equity close: Early flash crash recovers but the losses mount

German DAX -1.3% UK FTSE 100 +0.5% French CAC -1.8% Italy MIB-1.7% Spain IBEX-1.7% Stoxx 600 -1.5% There was an early fl

  • German DAX -1.3%
  • UK FTSE 100 +0.5%
  • French CAC -1.8%
  • Italy MIB-1.7%
  • Spain IBEX-1.7%
  • Stoxx 600 -1.5%

There was an early flash crash in all major European markets. Regulators looked at the trade but didn’t cancel any trades, saying it was a market participant unloading shares.

Dax chart May 2

Much of the overall decline was a result of the terrible finish in US stocks on Friday.

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