European stock market close 4 January 2016

  • FTSE -2.6%
  • Cac -2.7%
  • Dax -4.4%
  • Ibex -2.9%
  • FTSE Mib -3.2%

European bonds

  • Italy 1.55% -4bp
  • Spain 1.72% -5bp
  • Portugal 2.55% +4bp
  • Germany 0.565% -6bp
  • Greece 8.15% -13bp

The bond market also indicates that stocks are the only ones mainly throwing a wobbly, else we would see bigger moves in yields