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Tue, 27th September 2016

Anirudh Sethi Report

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Archives of “Global Indices” Category

European Indices -Sea of Blood

European stock market close 26 September 2016

  • FTSE -1.3%
  • Cac -1.8%
  • Dax -2.3%
  • Ibex -1.6%
  • FTSE Mib -1.6%

European bonds

  • Italy 1.19% -3bp
  • Spain 0.92% -5bp
  • Portugal 3.38% +1bp
  • Germany 0.114% -3bp
  • Greece 8.40% flat

Not a great start to the week, mainly led by Deutsche Bank unsettling nerves in the banking sector. 

Minor losses For European Indices

Minor decline on Friday hardly tarnishes a great week

Closing changes for the main European bourses:

  • German DAX -0.44%
  • French CAC -0.5%
  • Spain IBEX -1.2%
  • Italy MIB -1.2%
  • UK FTSE – flat

On the week:

  • German DAX +3.4%
  • French CAC +3.6%
  • Spain IBEX +2.2%
  • Italy MIB +1.6%
  • UK FTSE – +3.0%

Everything was bid this week and that drove down yields throughout the continent.

Technically, the CAC 40 is nearing the best levels of the year.

 

European Indices closed in Deep Green

European stock market close 22 September 2016

  • FTSE +1.1%
  • Cac +2.3%
  • Dax +2.3%
  • Ibex +2.0%
  • FTSE Mib +1.8%

European bonds

  • Italy 1.19% -9bp
  • Spain 0.920% -8bp
  • Portugal 3.37% -4bp
  • Germany -0.096% -10bp
  • Greece 8.42% -8bp

Those German 10’s are looking very enticing returns wise 😉 #sarcasm

The FTSE is looking at a 5 day streak for the first time since mid-August. Go UK (and all the foreign firms that make up most of the index)!