Europe Is Heading Higher Once Again

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Europe is looking to make it 3 in a row.

After falling last Thursday, in the immediate aftermath of Mario Draghi’s ECB decision/press conference, Europe has been higher every day.

Right now, Italy is up 1.28%.

Spain is up 2.1%.

German is up 0.6%.

This is extra impressive, since in the US session yesterday, the rally really sputtered in the final few minutes of the day, suggesting that perhaps the big global momentum had run out of steam apparently not.

That being said, peripheral borrowing costs in Spain and Italy are taking a breather, and are not moving much at all.

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