European stock exchanges are trading in minus. Indexes are declining for the third trading session in a row. Weak statistical data from Japan and South Korea has proved that economic growth will generally decline.
Independent index of the region’s largest enterprises Stoxx Europe 600 has lost 0.4 percent, giving amounted to 266.04 points. The index of eurozone largest enterprises Dow Jones Euro Stoxx 50 has dropped by 0.34 percent – to 2426 points. British index FTSE 100 has lost 0.3 percent, having amounted to 5726.4 points. French index CAC 40 has decreased by 0.26 percent – to 3404.97 points. German DAX has lost 0.63 percent, amounting to 6966.29 points.
The chart below reflects the current state of affairs with British index FTSE 100: it has failed to update high 5792 within correctional wave, having entered the flat zone. At this point wave (c) is supposingly being formed, most probably in the form of a five-wave structure. Thus, today’s trading session is expected to show further price drop.
