Just waiting on the “THUD” now
- FTSE +0.6%
- Cac +0.4%
- Dax +0.3%
- Ibex +0.2%
- FTSE Mib +0.1%
European bonds
- Italy 2.29% -4bp
- Spain 2.05% -4bp
- Portugal 3.07% +3bp
- Germany 0.839% -6bp
A late rally on the back of US stocks rising among the earnings reports. We’ll have to see how long it lasts but there’s still nothing coming out of Europe that screams “buy” right now. If US earnings come out strongly over the next week or so we could see flows jumping ship from Europe to the US. Even more so that they have already. That’s going to keep the pressure on the euro too.
Watch that euro, watch those stocks and watch that cat
