European Stocks Suffer Worst Start To Year Ever

Tyler Durden's picture

Led by a 4.3% collapse in Germany's DAX index, European Stocks plunged 2.5% today which is the worst start to a year ever. European credit markets spiked higher in risk. 10Y bund yields tumbled over 6bps and peripheral sovereign risk spreads jumped 10-15bps. Not a good start for Draghi and his pals...

Germany led the collapse...

 

Which has driven Stoxx 600 - the broadest European stock index - down over 2.5% for its worst start to a year ever!!

 

Charts: Bloomberg