This bath looks rather red and gory
- FTSE -2.2%
- Cac -3.5%
- Dax -3.0%
- Ibex -3.0%
- FTSE Mib -4.7%
- Greek ASE -5.6%
European bond yields have had a late blowup as well and as stocks go out are all around the highs for the day
- Italy 1.85% +10bp
- Spain 1.61% +11bp
- Portugal 2.52% +10bp
- Germany 0.51% +1bp
- Greece 9.61% +36bp
It looks like there’s a lot of fear coming into the market and we’ll need to decide over the next couple of days whether it is founded or not.
