Europe closes on the down side but nowhere near intraday lows: the Ibex looks at 9,200

The Ibex 35 closed its third consecutive day of falls on Tuesday, falling 0.12%. In this session, all of Europe has been dyed red although they have reduced the losses in the final push and have moved away from the intraday lows. The Frankfurt stock market was the hardest hit (-0.8%) after Basf announced a 'profit warning'. While the selective has moved away again from the resistance of 9,410 points that it was about to go over last Friday, with ArcelorMittaly Acerinox leading the declines.