European stock market close 21 January 2016
- FTSE +1.6%
- Cac +1.9%
- Dax +1.9%
- Ibex +2.7%
- FTSE Mib +4.0%
Stocks had started up and then got a boost from Draghi laying the groundwork for further easing. Italy has made the most of his chatter in calming the nerves of those worried about NPLS. There's a turnaround in risk sentiment in general but that might just be a breather rather than a complete u-turn on recent moves
European bonds
- Italy 1.54% -11bp
- Spain 1.70% -8bp
- Portugal 3.08% +15bp
- Germany 0.453% -3bp
- Greece 10.03% -12bp
