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DAX: Stock market sell-off overdone?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    European equity markets fell sharply this morning and are only modestly off their earlier lows at the time of this writing. Traders responded to yesterday’s big drop in oil prices and a retreat on Wall Street to dump European equities, which saw miners dominate the bottom of half of the FTSE 100. Banks were also lower with Deutsche off by 3.5 per cent in Frankfurt. The sell-off in banks appears to be in response to the falling yields. Today, for example, the German 10-year Bund yields hit a

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