European stock market close 16 February 2017
If you can call a 0.16% gain "standing out" that is.
FTSE -0.4%
Cac -0.6%
Dax -0.4%
Ibex -0.4%
FTSE Mib +0.2% (I've done them a favour and rounded it up)
European bonds
Italy 2.14% -10bp
Spain 1.59% -9bp
Portugal 3.97% -12bp
Germany 0.350% -2bp
Greece 7.79% +3bp
Some strong moves in European bonds. No doubt some of that is tracking the US but there's also been some additional analysis of the ECB minutes. BNP's economist Richard Barwell picked up on the fact that the ECB say that they might relax some of the rules on bond buying. The ECB said that "limited and temporary deviations from the capital key were possible and inevitable" so that QE could go ahead smoothly. Barwell says;
"Mention of the capital-key flexibility is like a red rag to a peripheral bond bull"
