- FTSE +0.1%
- Cac +1.6%
- Dax +1.0%
- Ibex +2.0%
- FTSE Mib 2.8%
European bonds
- Italy 2.35% -11bp
- Spain 2.16% -11bp
- Portugal 3.15% -8pb
- Germany 0.967% +1bp
Stocks are jumping on the ABS/QE train for a ride to infinity but I have a question for you guys and girls. This isn’t going to be the Fed chucking billions out of a helicopter for everyone to throw at the stock market so will we see the same effects? Adam seems to think that we will and that the ECB move could be even better for financials than the Fed.
I’m not so sure as the dynamics of it all look different. That’s not to say I’ll trade against it but it’s something on my mind.
So over to you.
Will ECB action lead to a US styled run up in stock prices?
Yes where do I insert coin
No there is nothing worth buying
