European equity close: Rough ride and a break of the March lows

  • Big drops across the board
  • Stoxx 600 -2.3%
  • German DAX -3.2%
  • UK FTSE 100 -3.1%
  • French CAC -2.3%
  • Italy MIB -3.1%
  • Spain IBEX -1.0%

The SNB surprise and leaks suggesting German bunds will be sold to buy BTPs didn't help the core. The Stoxx 600 took out the March low:

Stoxx 600

Elsewhere, there's a decent amount of breathing room before the lows in the FTSE 100 and other national benchmark indexes.

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