Spain vs Holland & England vs Italy are two big European games tonight and this weekend and if the stock markets correspond to results then we’re doomed form the off.
- FTSE -1.0%
- Cac -0.2%
- Dax -0.3%
- Ibex +0.2%
- FTSE Mib +0.01%
European bonds
- Italy 2.78% -4bp
- Spain 2.66% -4bp
- Portugal 3.38% +3bp
- Germany 1.36% -2bp
Our good friends at forexcrunch have summed up the market action over the World cup
With many traders concentrating on television screens rather than computer screens, currency markets are seeing lower-than-normal volumes. If past tournaments are any indication, this effect will become stronger as the finals approach, meaning that relatively minor events will assume greater-than-normal significance.
