FX, bond, and stock markets in Europe are not happy. As the EURRUB sees it biggest drop this year (Ruble buying), it appears whatever confidence-inspiring Dijsselblom believed in last night has faded rapidly as Italian and Spanish stocks plunge to the lows of last week (after opening gap higher). Italian and Spanish bank stocks are on-and-off halted. EURUSD is getting hammered. Italian and Spanish bond spreads are blowing wider from gap tighter openings. This is not good... The reason appears to be:
- Cyprus a Template For EU, Reuters Says, Cites Dijsselblom
- *BANCO POPOLARE SHRS HALTED AFTER FALLING 4.84% IN MILAN :BP IM
- *TELECOM ITALIA SHRS HALTED AFTER FALLING 3.81% IN MILAN :TIT IM
- *INTESA SHRS HALTED AFTER FALLING 5.72% IN MILAN :ISP IM, BP IM
- *MEDIOBANCA SHRS HALTED AFTER FALLING 3.95% IN MILAN :MB IM
- *MEDIASET, FINMECCANICA, UBI SHRS SUSPENDED IN MILAN LIMIT DOWN
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