SCOREBOARD: Mixed signals

Positive sentiment in Europe didn't cross the Atlantic as disappointing numbers weighed on Wall Street.

For much for the European session it was ‘risk on’. Crude, copper – in fact, most commodities – had a bid, and indeed European stocks pretty much all finished higher (Dax and FTSE up 0.2 per cent while the CaC closed 1.01 per cent higher) boosted by news that 25 EU countries agreed to a new fiscal pact (to be signed in March). Across the Atlantic, things then looked hunky-dory initially and at the open, the S&P was up about 0.6 per cent.


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