Closing changes for the main European bourses:
– UK FTSE – flat
– German DAX – flat
– French CAC -0.5%
– Spain IBEX -1.1%
– Italy MIB -0.7%
The volatility in major markets has dropped right off in the past week or so. On net, that’s a good sign for risk assets. It could just be markets hunkering down ahead of the ECB, Fed and BOJ decisions later this month but I think it’s an early sign of better risk appetite.
