Bill Gross Rains On Spain's Parade

Spanish stocks are surging and government borrowing rates are sliding.

All this on the tail of ECB president Mario Draghi’s comments that he’ll do “whatever it takes to preserve the euro.”

However, PIMCO’s Bill Gross is quick to remind us that this morning interest rate moves are still small when you step back.  Here’s his tweet:

SEE ALSO: The Best Advice From The World’s Greatest Investors >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at