If you’re long European stocks right now, you probably have to be a little disappointed with the mediocre bounce right now.After all, rumours of a big European bank recap helped send the US market to huge gains in the final moments of trading yesterday.
So you’d think an equivalent snapback might be in the offing, but no.
Italy is up just 0.72%
Germany is up 0.5%.
France is up a bit better, at 1.6%.
Obviously France is the “swing” country right now.
US futures are sliding, down over 0.5%.
Asia was a again really mediocre. After getting crushed on Tuesday, Korea lost over 2.23%.