Archive - Apr 8, 2015 - Story
German Factory Orders Tumble By Most In 9 Months, Spanish Bond Yields Turn Negative
Submitted by Tyler Durden on 04/08/2015 01:52 -0500Bad news is even better news in Europe. "Core" Germany saw its powerhouse economy suffer the biggest drop in Factory Orders since June (-1.3% YoY) missing expectations for the 2nd month in a row - the first consecutive drop since may 2013 (despite German business confidence rising for the 5th month in a row) as apparently devaluing the EU's currency is not encouraging business. The result... DAX futures surging, bond yields tumbling and Spanish bond yields to 6 months are now negative...
European Derivatives Market Breaks... And Futures Surge
Submitted by Tyler Durden on 04/08/2015 01:16 -0500Because nothing says "liquid and efficient" market like yet another broken market. Just as we saw yesterday afternoon as US equities collapsed into the close, Euronext has broken in the pre-open European markets... and sure enough, stock futures surge...
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