Monday 7 November 2011

European markets and an Italian sore thumb?

Index asc Value Chg  % Chg 
CAC 40 3116.66 -6.89 -0.22 %
Dow Jon... 11983.24 -61.23 -0.51 %
FTSE 100 5489.81 -37.35 -0.68 %
FTSE MI... 15654.79 308.24 2.01 %
IBEX 35 8483.90 -112.50 -1.31 %
Nasdaq 100 2356.32 -11.39 -0.48 %
S&P 500 1253.23 -7.92 -0.63 %
Xetra DAX 5964.44 -1.72 -0.03 %

Interesting picture (as at 11.54 gmt) given the downgrades for Europe coming out of most of the big US Investment banks.
Ignore the US indices as they are closed until this afternoon.

The carnival appears to have rolled into Rome as Prime Minister Silvio Berlusconi fights for support and his political future. Given the increase in Italian bond yields in recent weeks the above picture (Italy's MIB index sticks out like a sore thumb) suggests that Berlusconi's days might be numbered.

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