• GoldCore
    07/01/2015 - 10:07
    With all eyes on Greece it would seem another crisis relating to unpayable debt is brewing in the Caribbean. The governor of Puerto Rico, Alejandro García Padilla, has warned that the island is...

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

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