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