• FTSE -0.6%
  • Cac -0.8%
  • Dax -1.0%
  • Ibex -1.6%
  • FTSE Mib -1.3%

European bonds

  • Italy 1.4% +5bp
  • Spain 1.39% +4bp
  • Portugal 1.92% +6bp
  • Germany 0.365% +1bp
  • Greece 9.50% -5bp

I suspect we're going to see things a bit choppy in stocks and bonds as we get closer to the ECB meeting. There's likely to be some last minute position squaring and jockeying at play, and that could well be spilling over into US markets as the money merry-go-round starts spinning