We’ve moved up through the earlier highs at 102.51 to 102.54 as the dollar and stocks shake off the retail sales slump. Stocks are on the highs of the day with the S&P up 13 at 1947.
Bonds aren’t joining in though at 2.42% in 10’s, down 2bps
European stocks finish just shy of their highs despite crappy data once again. QE expectations filtering through maybe?
- FTSE +0.4%
- Cac +0.9%
- Dax +1.4%
- Ibex +0.7%
- FTSE Mib +0.6%
European bonds
- Italy 2.72% -2bp
- Spain 2.58% -2bp
- Portugal 3.68% -7bp
- Germany 1.03% -3bp
