European stocks down (sans Italy) but off the lows

Author: Greg Michalowski | Category: News

Down but not a disaster...

The European stocks are down on the day, BUT the major indices are ending off the lows.  

  • German Dax is ending the day down -0.3%. 
  • UK FTSE is down -0.9%
  • France's CAC is down -0.6%
  • Spain's Ibex is down -0.6%
  • Portugal's PS120 is down -0.85%
The lone wolf in the bunch was the Italian FTSE MIB which eked out a gain of 0.07%.  

Although down, a disaster was averted. The snapshot at the start of the NY session showed the following changes:

  • German Dax down -0.73%, 
  • UK FTSE -1.03%,  
  • France's CAC down -1.01%, 
  • Spain's IBEX -1.64%, and 
  • Italy's FTSE MIB -1.60%  
That is a pretty good comeback for the major European indices. 

How has 10 year yields done today?
  • Germany 0.346%, -3.2 bp (was down -5.2 bp at the start of the NY day)
  • France 0.803%, -3.2 bp (was down -4.7 bp)
  • UK 1.063%, unchanged (was down -2.8 bp)
  • Spain 1.567%, unchnaged (was down -3.5 bp)
  • Italy 2.151%, unchanged (was down -4.3 bp).
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