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I've noticed that European markets are really taking a hit right now. The Italian FTSE MIB index has plummeted by 3% — it's the biggest drop we're seeing today. If you're looking to buy in Italy, it's definitely a time to be cautious.
The other indices aren't doing any better: the German DAX has lost 2.7%, the Stoxx 50 is down 2.5%, and the British FTSE 100 along with the French CAC 40 are each losing around 2%. It's truly a red day across the entire region.
Something is clearly happening on the macroeconomic side. Keep a close eye on it if you have positions in Europe at the moment.