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Kantoos informs me that German index bonds are indexed to the eurozone Harmonized Index of Consumer Prices, not the specifically German index, which means that things are not quite as bad as I suggested in this post; as he says, however, they are still plenty bad.
However, the French index actually rose slightly, while the German index fell sharply.
"The collapse in the German index therefore likely reflects the impact of the VW emissions scandal," he said.
GERMAN INDEX IS HIGHER.; Wholesale Figure for June 24 Placed at 134.2, Against 133.3 on June 17.
The CAC 40 in Paris was up 5.46 percent, and the DAX, the German index, rose 4.6 percent.
The DAX lost 0.3%, forcing the German index back under 11150, while the CAC was down half a percent, a move that dragged it below 5000.
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The pan-European Euro Stoxx 50 closed down 0.9 percent, the FTSE 100 in London shed 1.6 percent and the French and German indexes both lost nearly one percent.
The Melancholy gripping investors, which has knocked American industrials down by a third, has spooked investors on this side of le despond; English, French and German indexes have been clobbered harder.
The German VDAX index, which tracks the implied volatility in Frankfurt's Xetra DAX index, has climbed to a record, near the 60% mark.
European share prices edged higher after a surprise jump in a key German confidence index.
The German Dax index was off 3.4percentt, and French and Spanish markets dropped by similar amounts.
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