The main stories in the Asian and European sessions almost perfectly offset one another, oddly enough.
In Asia, China let it be known that they are willing to buy Europe on the cheap.
During European hours, it became clear that they might be able to buy it even cheaper…
I, for one, welcome Europe’s new Chinese overlords…
So far, China has not put much money to work to in the markets. Spanish spreads are out to 262.5 today from 260.
