Germany 2-year Notes auction improves to 0.02% vs 0.06%
Apr 10, 2013
European markets surge Wednesday
European stock indices rose strongly Wednesday, notching solid gains across the board despite rumblings of a mounting ratings action facing Slovenia, and perhaps even worse – talks of a bailout. Beginning with the indices and composites, the EURO STOXX 50 grew +1.10% as it settles in region of 2623.74, up +29.61 points in these moments. In addition, the FTSE 100 index is trading in positive territory, operating at 6348.79, advancing +30.88 points or +0.56% at the time of writing. Finally, the DAX broke slightly higher, oscillating in the zone of 7704.34, after a movement of +56.27 points and up +0.87%.
Nomura strategists Saeed Amen and Geoffrey Kendrick have taken a look recently at the impact of the BoJ´s new monetary policy on markets, noting among other things, the likely positive impact on risk appetite, noting among other things, the likely positive impact on risk appetite and citing the likely re-allocation effect of capital from Japan to higher yielding assets.