European markets experienced sharp fluctuations today, as the German DAX index reached a new record high shortly after the opening, but soon faced a strong wave of profit-taking that caused it to drop significantly, closing down by 1.7% at its lowest levels, a clear negative reversal reflecting selling pressure in the market.
Collective decline in European stock indices The DAX was not the only one affected, as the major European indices recorded notable losses amid weak investor sentiment, with the Stoxx 600 index dropping by 1.0%, and the French CAC index falling by 1.3%. The British FTSE 100 index also saw a decline of 0.7%.
European markets in the red amid selling pressures Losses extended to Southern Europe, where the Spanish IBEX index fell by 1.75%, while the Italian FTSE MIB index decreased by 0.6%. This negative performance comes as investors watch global market developments and the impact of economic data on monetary policy directions.
