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The Euro And The DAX Are Tanking Out Of Nowhere

Joe WeisenthalJan 22, 2013, 14:46 IST

It's not clear what's going on, exactly, but there's been a sharp bout of Euro area selling.

The DAX has dropped over 1.3%.

And the Euro has plunged, per this chart from FinViz:

It's already a risk off day, but around 4 AM things really took a jolt.

UPDATE: There had been a seemingly twitter-borne rumor about Bundesbank chief Jens Weidmann resigning. The Bundesbank has rejected that in strong terms.