This page has been archived and commenting is disabled.

Europe Unch To End Worst Week In A Month

Tyler Durden's picture




 

Thanks to some early ebulience in the US session, European stocks and bonds managed to crawl back to unchanged on the day capping the worst week in a month for most risk assets amid ever-decreasing macro data. Spanish and Italian equities are down 4 to 4.5% over the last 6 days and 2Y Spanish bonds had their worst week in 6 weeks (though remain relatively range-bound). 10Y Spanish spreads ended back above 400bps (up 28bps on the week) as Portugal saw the most weakness - wider by almost 60bps. EURUSD round-tripped to unch today amid Schaeuble's comments this morning - but ended the week down around 80 pips or 0.7%. The post-Draghi up-trend is over - range-bound is no the norm, but it seems Europe has reconnected with US-beta...

European stocks weak...

 

European Sovereigns bleeding...

 

and a little context oin Europe's ebulience post Draghi... IBEX...

 

Charts: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 10/26/2012 - 11:54 | 2921773 The Wizard of Oz
The Wizard of Oz's picture

FOLLOW THE YELLOW BRICK ROAD

Fri, 10/26/2012 - 11:56 | 2921782 spastic_colon
spastic_colon's picture

funny, the IBEX looks exactly like the S&P 500

Fri, 10/26/2012 - 12:00 | 2921797 CPL
CPL's picture

Someone must know something because AH it's all going back up.

Fri, 10/26/2012 - 11:57 | 2921788 PUD
PUD's picture

Troika doom Sunday! Bhwaaaaaaa

Fri, 10/26/2012 - 12:01 | 2921799 Yen Cross
Yen Cross's picture

 Sweet Jeebus. AAPL is  off 13.55. https://www.google.com/finance?client=ob&q=NASDAQ:AAPL

Do NOT follow this link or you will be banned from the site!