European stocks close 13 August: Upbeat European data give stocks a shot in the arm

• FTSE +0.5%
• Dax +0.7%
• Cac +0.5%
• Ibex +0.5%
• FTSE Mib +0.7%

European bonds

• Italy 4.23% +6bp
• Spain 4.50% +2 bp
• Portugal 6.53% - 4bp
• Germany 1.81% +11bp

That’s quite a big move in bunds but that not doing toffee for the euro. Another sign that we could see further falls.