European Markets Recover But Spain Still Suffers

Europe

Photo: Wikimedia Commons

European stocks rallied after a midday sell-off to close mixed. The only really bummer on the scoreboard was Spain:FTSE 100: 0.40%
CAC 40: -0.33%
DAX: 0.53%
FTSE MIB: -0.72%
IBEX 35: -1.49%

A lot of that midday negativity appeared to be generated by worse than expected confidence data and an Italian bond auction, even though the latter went off without a hitch.

German 2-year notes also hit their lowest yields ever, at 0.089 per cent (h/t @LUISBENGUEREL).

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