- FTSE -0.2%
- Cac -0.8%
- Dax -1.2%
- Ibex -0.2%
- FTSE Mib +0.7%
European bonds
- Italy 2.73% -5bp
- Spain 2.60% +5bp
- Portugal 3.74% -4bp
- Germany 1.06% flat
Bottom to top so far the bounce is less than 300 ticks in the Dax, and we’ve given up over a third of that today. That bounce from 8900 could still point to a nice double bottom being placed. If it is going to be confirmed then I’d expect another test lower to pull up somewhere around the 9000/8950 mark before making a push higher.
DAX daily chart 12 08 2014
