We are at the last chance saloon for some teams in the group stages and it’s not looking too hot for European teams.
- FTSE -0.4%
- Cac -0.4%
- Dax -0.7%
- Ibex -0.2%
- FTSE Mib -1.3%
European bonds
- Italy 2.90% -4bp
- Spain 2.69% -4bp
- Portugal 3.51% -2bp
- Germany 1.32% -2bp
At the moment there’s only 3/13 European teams that are virtually assured passage through to the knockout stages and France and Holland are leading the pack. Francois Hollande will be wanting as many positive French headlines as he can get given the state of the country’s economy.
He’s currently getting no such luck for his stock market which has taken this mornings PMI figures rather badly. The CAC 40 is still using the Nov 2013 resistance line as the fence to keep in the gains.
CAC daily chart 23 06 2014
