European Markets Are Having a Bad Day

European bonds and stocks are slumping

European stocks decline

Traders work in front of the DAX index curve at the Frankfurt Stock Exchange in Frankfurt.

Hannelore Foerster/Bloomberg

U.S. GDP disappointed this morning, adding fuel to a European market sell-off that had already been underway for much of the day.

German 10-year bonds have tanked.

The German Dax stock market index has had a terrible afternoon.

While the Euro Stoxx 50 is also down.

U.S. markets, meanwhile, have mostly avoided the worst of the sell-off - so far.

 

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