A report suggested that Italy will bring in a corporate windfall tax, though it’s not yet clear how targeted it will be.

Closing changes on the day:

Stoxx 600 -1.0%German DAX -0.9%Francis CAC -1.4%UK’s FTSE 100 -0.2%Spain’s IBEX flatItaly’s FTSE MIB -1.5%

This article was written by Adam Button at www.forexlive.com.