European Monetary Union Business Climate below forecasts (0.27) in June: Actual (0.14)

Germany’s benchmark index, the DAX crashed nearly 500 points at open and slumped to fresh two week lows below 11k threshold, only to recover slightly and reclaim 11000 levels. The DAX was heavily sold-off on Monday following its European counterparts as investors flocked out of the euro amid a looming Greek default.