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European stocks losses deepen as CAC 40 falls towards 7,625
The European stock markets are right now still under pressure. The DAX has traded towards 18,075 and the CAC 40 is just now hitting session lows near 7,635. The move lower comes amid a slight rise in yields and a dollar that is remaining resilient, but beyond that there is no immediately detectable catalyst for the downside. Perhaps it merely endorses the corrective nature of the gains seen yesterday? Time will tell on that, but the view here has been and still is; that rallies in the CAC are there to be sold and notwithstanding the bounce since last week, then remains a view that is unchanged. The CAC 40 is currently trading at 7,640
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