MARKET REPORT - EUROPE

DAX: 2,544.26 (-17.55)

DAX: 2,544.26 (-17.55)

Sentiment on Germany's DAX index of blue chip stocks is unbelievably bearish" and a 6 per cent downward correction to 2,400 points over the next three weeks could be on the cards, according to analysts.

CAC-40: 2,050.55 (-23.11)

French shares ended in negative territory after staging a partial recovery on the back of US data which gave mixed readings on the economy.

Mibtel: 10,247 (-144)

Italian shares ended just above day's lows in line with other markets jittery over Wall Street and depressed by worries international investors might desert Milan after a negative Goldman Sachs report downgraded Italy to underweight from overweight, traders said.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective