Europe started the day in rally mode, and things are getting better.
There were two events in the last hour:
- A Spanish bond auction went fine.
- The German ZEW business sentiment survey came in better than expected.
Add it up: More market gains.
In Italy, the FTSE MIB is up nearly 2%.
The 10-year yield in Italy is back down to 5.5%
Spain’s IBEX is up 1.44%.