European stocks post big bounce

28 June 2016, 19:11
Sherif Hasan

Dead cat or sustainable?

I think there is far too much turmoil and uncertainty in the UK to sustain the bounce in European stock but it was party time today.

  • UK FTSE +2.5%
  • French CAC +2.5%
  • German DAX +1.9%
  • Spain IBEX +2.5%
  • Italy MIB +3.3%

Periphery spreads tightened substantially with Italian 10s down 10bps and German bunds flat at -0.11%.

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