Yesterday's reversal stoked some optimism but today was another rough day in Europe as PPI data hammered the bond market and added fears of an ugly stagflationary environment.
- Stoxx 600 -1.1%
- UK FTSE 100 -0.7%
- French CAC 40 -1.4%
- German DAX-1.0%
- Italy MIB -1.7%
- Spain IBEX -1.4%
There is a bit more breathing room in the national indexes but the Stoxx 600 is near the breaking point.
