UK's FTSE is lower by 1.0%. Financials and select consumer names are among the laggards with RBS, British American Tobacco, Lloyds Banking, Compass, Persimmon, Prudential, Direct Line Insurance, Barclays, and ITV holding losses between 0.8% and 4.0%. France's CAC is down 0.7% amid losses in most components. Financials Societe Generale, BNP Paribas, and Credit Agricole show losses between 1.1% and 1.6% while STMicroelectronics, Kering, TechnipFMC, Airbus, Renault, Danone, and Louis Vuitton are down between 0.6% and 1.9%. Germany's DAX is down 0.7%. Infineon is down 2.5% while Bayer, Adidas, BMW, SAP, BASF, and Daimler hold losses between 0.6% and 2.5%.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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