• FTSE +0.3%
  • Cac +1.2%
  • Dax +0.9%
  • Ibex +1.3%
  • FTSE Mib +2.1%

European bonds

  • Italy 2.59% -1bp
  • Spain 2.40% flat
  • Portugal 3.22% -9bp
  • Germany 0.992% flat

We’ve got the Ukraine talking peace leading to a better risk environment, better German manufacturing data leading to a better economic environment. Worse economic data elsewhere in Europe leading to an increase in ECB QE expectations, you name it the and it points to stock gains.

What do they say about fighting the trend?