European stock market open 1 September 2015

  • FTSE -1.0%
  • Cac -1.5%
  • Dax -1.8%
  • Ibex -1.4%
  • FTSE Mib -0.9%

European bonds

  • Italy 1.94% -2bp
  • Spain 2.10% -1bp
  • Portugal 2.63% -2bp
  • Germany 0.775% -2bp
  • Greece 9.16% -15bp

The worrying sign is that the relief rally we saw last week, following the big blow out, is showing signs of being of the dead cat variety

China is still intervening in stocks and MNI report that massive orders and trades of over 1m lots are going through the big stocks like the China construction and agricultural banks. The SSE50 (China's 50 biggest stocks) was up around 1.0% while the composite has just closed -1.2%