- FTSE +0.2%
- Cac +0.1%
- Dax -0.3%
- Ibex +1.0%
- FTSE Mib +1.1%
European bonds
- Italy 3.06% -5bp
- Spain 2.95% -7bp
- Portugal 3.74% +4bp
- Germany 1.33% +3bp
As I mentioned earlier, no surprise to see Italy put in a bounce but it’s been fairly mundane in the the FTSE, Dax and Cac, with only Spain showing a good gain also.
Dax is still looking interesting given the rejection from 9810. If the buyers give up further then the sellers might take us down to look at the lower end of the range. It takes two to tango.
Dax daily 16 05 2014
