According to the results of Tuesday trading session, European exchanges have closed in “red” zone. 14 out of 18 stock indexes have dropped. This has resulted in lowering the rating of eurozone from “stable” to “negative”. Independent index of largest enterprises of the region Stoxx Europe 600 has lost 1.1 percent, having amounted to 267.43 points. Index of largest European enterprises Dow Jones Euro Stoxx 50 has dropped by 1.08 percent – to 2436.54 points.
British index FTSE 100 has lost 1.50, having dropped to 5672.01 points. French index CAC 40 has lost 1.58 percent, having stopped at 3399.04 points. DAX (German) index has amounted to 6932.58 points, having lost 1.17 percent.
The chart below reflects the dynamics of FTSE 100 index: yesterday the index broken the scenario with the development of a rising trend, as impulse five-wave structure was a constituent of correction of higher wave level. At this point forming wave (5) is being considered. The wave will be extended if point 5656 is broken. If this level fails to be broken, lasting correction may start.
