European stock market close 21 January 2016
– FTSE +1.6%
– Cac +1.9%
– Dax +1.9%
– Ibex +2.7%
– FTSE Mib +4.0%
Stocks had started up and then got a boost from Draghi laying the groundwork for further easing. Italy has made the most of his chatter in calming the nerves of those worried about NPLS. There’s a turnaround in risk sentiment in general but that might just be a breather rather than a complete u-turn on recent moves