European stocks battered after upbeat inflation expectations and downbeat US growth

European stock market close 29 April 2015

  • FTSE -1.1%
  • Cac -2.2%
  • Dax 3.1%
  • Ibex -1.5%
  • FTSE Mib -2.3%

European bonds

  • Italy 1.49% +11bp
  • Spain 1.45% +13bp
  • Portugal 2.12% +15bp
  • Germany 0.284% +12bp
  • Greece 11.33% +33bp

We're really seeing a shift around in markets today. The US numbers have added to that fact but we were well on the way this morning. There's been more than a few comments popping up among market players about the Eurozone inflation figure from the sentiment report earlier. It looks like the market is taking it as a big deal and that ECB QE is working.

You won't find me getting so bullish on one report but the market does like to run before it can walk sometimes

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