Photo: slgckgc, Flickr
Remarkable.After crashing 4% earlier, the FTSE MIB index is back to being flat on the day, following talk of the ECB stepping into buying bonds.
Still, most markets around the world are getting clubbed, just less than they were earlier.
Italian short-term yields are still higher on the day, though less so than they were earlier (see here).
Spain is off about 0.8%
Germany is down 1.7%.
And here’s Italy’s morning: