European equity close: DAX closes May on the lows of the month


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It was a painful day for European stock market bulls on Wednesday as broad-based selling hit, despite a German CPI report that could pave the way for an earlier ECB pause.

  • Stoxx 600 -1.1%
  • German DAX -1.7%
  • UK FTSE 100 -1.0%
  • French CAC -1.7%
  • Italy MIB -2.1%
  • Spain IBEX -1.4%

The break and close below the May lows in the DAX is a bad look

I also don’t like the look of the monthly chart.

The DAX party is over