European Bonds And Stocks Slide From Bernanke Opening Exuberance

Tyler Durden's picture


It seems the early exuberance that Bernanke's utterings caused in world markets was faded non-stop in Europe. European bonds and stocks saw their best levels of the day at the open and never saw them again. Greece and Portugal underperformed their peers; Italian stocks actually closed lower on the day and while bonds did stage a comeback into the close, they all closed the day wider from yesterday. EURUSD was the big story - its biggest shift since January 2011 (with a 450 pip swing) - but as the day wore on the USD clambered back some strength (even as US equities ignored its retracement).



and EURUSD's almost unprecented swing...


Charts: Bloomberg

Your rating: None

- advertisements -

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