European stock market close 4 January 2016
– FTSE -2.6%
– Cac -2.7%
– Dax -4.4%
– Ibex -2.9%
– FTSE Mib -3.2%
European bonds
– Italy 1.55% -4bp
– Spain 1.72% -5bp
The bond market also indicates that stocks are the only ones mainly throwing a wobbly, else we would see bigger moves in yields