SCOREBOARD: European breather

Sharp falls in Spanish and Italian bond yields gave European markets a reprieve, while US earnings left Wall Street mixed.

Spanish and Italian bond yields fell sharply overnight with the Spanish 10-year plunging 30bps (to a still high 7.34 per cent) while the Italian 10-year fell just over 20bps to 6.44 per cent. Big moves which helped put a halt, even if just in some cases, on the equity market rout that we’ve seen.


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