Losing Control: France Credit Rating Downgraded, And Now Europe Starting To Crack

Europe is back under pressure

France’s credit rating has been downgraded to A+ from AA at Scope, adding fresh pressure to an already fragile setup. French yields are surging, the euro is weakening and volatility is waking up, while the energy headache refuses to disappear.

With SX5E sitting on major 6200 support, Europe is approaching a make-or-break moment.