Today - Wednesday, December 28, 11:43 AM Europe closes at session lows, knocked for a loop by a rapid dive in the euro (to be fair, cable dropping right alongside), which began around 9 AM ET. Stoxx 50 -1.6%, Germany -1.9%, France -1.1%, Italy -0.7%, Spain -2%, U.K. flat. The euro continues to slide, -1.2% at $1.2920. Cable -1.2% at $1.5476.
The euro tumbled to 15-month lows after the ECB reported European banks had deposited a record amount. Financials were among the weakest stock sectors; commodities were clobbered. NYSE declining issues outnumbered advance's four to one.
