SCOREBOARD: Soft touch

Markets softened overnight as Spanish investors took fright, while all waited on US Fed and ECB decisions.

Equities took a bit of a hit last night and bond yields fell ahead of a batch of tier-one data over the next few days (ISM and payrolls) and the Fed and ECB meetings. The largest falls were in Europe (disappointing earnings from banks like UBS and Deutsche weighing), although the Dax was down only -0.03 per cent, the CaC was off 0.9 per cent and the FTSE was 1 per cent lower.

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