It was a bad day for European stocks but it had been a whole lot worse

European stock market close 12 September 2016

  • FTSE -1.1%

  • Cac -1.2%

  • Dax -1.3%

  • Ibex -1.8%

  • FTSE Mib -1.8%

European bonds

  • Italy 1.27% +3bp

  • Spain 1.08% flat

  • Portugal 3.19% +3bp

  • Germany 0.33% +2bp

  • Greece 8.36% +6bp

Most of Europe's stock markets were over 2% down at one point but the yanks have ridden to the rescue. On that front, the S&P is now +12 to 2140 and at the highs. The Dow is +74 at 18159 and Nasdaq +45 at 5171.

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