Dax tries to recover from an IFO knock out while Italian bank stocks get put on the naughty step

  • FTSE -0.4%
  • Cac -0.8%
  • Dax -0.9%
  • Ibex -2.3%
  • FTSE Mib -1.25%

European bonds

  • Italy 2.55% +4bp
  • Spain -2.14% -3bp
  • Portugal 3.39% +13bp
  • Germany 0.868% -2bp

The relief from the ECB bank tests bypassed Italy today as they took the lions share of the bank failure list to finish down, and the worst of the pack. German stocks take a slip on the worse than expected IFO data this morning but go out up from the lows.

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