European equities markets are closed now, and to be honest it is since one hour. The fact they're worried from the China slowdown still affect them today as they feel concerned. As well, Asian markets was on the red today because of the Chinese's inflation being too much "soft" (I don't see why they see it as something threatening) from the 1.8% forecasted to 1.6% of real inflation. About the figures and numbers, FTSE 100, driven down by house-builders, got -1.15% or -72.67 pts at 6,269.61 pts. Meanwhile, DAX 30 is at 9,915.85 pts, with -1.17% or -116.97 pts, CAC 40 is at 4,609.03 pts with -0.74% or -34.35 pts. Finally, IBEX 35 is at 10,037.60 pts, with -0.77% or -77.70 pts.
The writing has been on the wall: growth projections getting lowered. When the earnings season in the U.S. disappoints and people wake up to the practices of the BLS regarding "jobs", they should sell stocks. The FED has lost all credibility and must raise rates this calendar year, IMHO or else it's saying that there is a global malaise. Have you read reports of lots of European cars being parked somewhere, finding no buyers? That's not good for those cars. Or the car market. The day of reckoning will come for Citroen, Peigeot and others, although they were rising yesterday (am in SE Asia - today for Americans)
Europe has some countries who are causing instability. More, if the elections choose governments anti-austerity those countries economic situation can quickly collapse.
The car manufacturers has more problem than the facts cars are staying in a warehouse, you know. The Volkswagen scandal is happening meanwhile a lot of the European cars is running on diesel, meaning the European cars and cities are more affected by the problem than any U.S. city can be, doesn't matter if you talk about economy or pollution after all. So the cars industry has a marketing to make in the whole Europe to have no too much worst sales than expected. That's not really "some countries" that are causing instability of the whole Europe economy, each part of the Europe is independent meanwhile they are under of the same currency. But perhaps it's the problem of Europe as well.
