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CAC 40 leads European stocks lower as DAX slips below 15,800

Well, there has been no traction what to speak of at the start of the new week for the European stock markets. The CAC 40 is still leading the downside moves with losses of close to 1% on the session just now. The DAX has fallen to below 15,800 too and the FTSE 100 is also now turning lower as the GBP/USD rebounds back above 1.24 once more and the oil price comes off the boil. The DAX is close to session lows now. It is edging back closer to its 21 day moving average. That is in place right now at 15,769. The low seen so far has just been set around 15,783

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