As the final closing deals are struck stocks are bowing out in the green for the second day of the week.
- FTSE +0.6%
- Cac +0.6%
- Dax +1.0%
- Ibex +0.3%
- FTSE Mib flat
The Dax has managed to retrace 38.2% of the drop from 10k and that;s a very strong double bottom put in place at the 8900 lows.
DAX daily chart 19 08 2014
European bonds
- Italy 2.60% -4bp
- Spain 2.42% -3bp
- Portugal 3.40% -9bp
- Germany 1.0% -1bp
Meanwhile the euro is still creeping along the bottom of the days range and looks intent on having a go at the barrier below. With Europe going out the door it will be up to the yanks to muster an attempt.
