While we were all looking at the dazzling stress test results, the S&P gathered its footing and made a run to the topside, Its broken through the 1100 hurdle and reached 1102 so far. A close above the 1100 would be an important achievement and will improve risk appetites.
Suddenly, all is right with the world!*
*except Hungary, where the PM says there is one problem: Low growth. Take your austerity and shove it, IMF!
