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Stocks Just Had A Terrible Close In Europe, And The US Is Getting Crushed (FEZ, FEU, EKH, EZU, IEV, EUFN)

European markets just marked a terrible close, with the German DAX and French CAC 40 closing down over 2 percent: FTSE 100: -1.9%CAC 40: -1.8%DAX: -1.9%FTSE MIB: -1.6%IBEX 35: +0.4% Only Spain escaped the carnage, although it ended well off its highs for the day (at one point it had risen more than 1 percent). Ugly PMI data across the eurozone, disappointing jobs numbers in the U.
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