Some peace and tranquillity has returned to most markets today
Aside from a couple of standouts like EURCHF, all's been fairly calm in FX today. Ranges haven't been too bad in some pairs but the progress between ends has lacked the sharpness of recent days
USDJPY has sat in a tight range between 118.00 and 118.38 and the aussie in a similar pip ballpark, though it's testing 0.7000 once again
The euro and pound have faired better on the range front but aren't looking to make any big moves
Stocks are also taking it easy today. The S&P found a test of 1950 to much and has slid down to a current small loss
European stocks have mostly closed with marginal gains
- FTSE +0.3%
- Cac +0.2%
- Dax -0.4%
- Ibex +0.1%
- FTSE Mib +0.7%
European bonds
- Italy 1.56% -5bp
- Spain 1.78% -5bp
- Portugal 2.68% flat
- Germany 0.573% +4bp
- Greece 8.51% flat
Markets could probably do with a breather, given the recent volatility. The questions is, will it last?
