eu asset market update

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    From IGM News Feed

    EU ASSET MARKET UPDATE] Stocks have enjoyed a very aggressive 6% turnaround from the lows with all the major bourses, apart from DAX, pushing back into positive territory before running out of steam. DAX traded back to 5861 (-1%) from -7.1% at worst whilst FTSE changed hands at 5088 (+0.35%) compared to a base at -5.5% at the height of the rout although both bourses fell well short of session peaks at 6026 & 5119 resp.

    Meanwhile, [BUNDS] declined to a fresh session low at 132.37 (-71 ticks from Mon's close), extending the base by 9 ticks & [GILTS] pulled back to 127.14 (unch) from a peak of 127.56. Hence, the Sep11 Bund/Gilt spread has narrowed 70 ticks to 524 ticks.

    Sep11 [NYMEX] has rallied back to $80.60brl (-$0.70brl) vs a session low of $75.71brl & some loose FX mkt talk that the FED may be selling [GOLD] - but still over $1750.

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