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Reply #46: Equity markets not spooked by outcome of EU summit [View All]

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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 12:00 PM
Response to Reply #37
46. Equity markets not spooked by outcome of EU summit
4.54pm: So after all that, the equity markets haven't really been spooked by the outcome of the EU summit (pace those that believe the real story is in the bond markets - more on them in a moment).

The FTSE 100 has finished 45.44 points higher at 5529.21, with banks making up the top three risers. Lloyds Banking Group is up 6%, Barclays and Royal Bank of Scotland 5%. It seems incredible we've got so used to the fact the banks see such volatile daily moments...

Over in Europe Germany's Dax is up 2%, France's Cac is 2.4% higher, Spain 2.2%, Portugal 1.6% and Italy up 3.4%. Oh yes, and Wall Street is currently around 160 points higher.

And in the bond market, Italian yields have edged 0.148 points lower to 6.379%, while Spain is 0.034 points lower at 5.79%.

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