Spot the odd one out: Dow +0.82%, Footsie -2.34%, Dax +0.93%
And, before you ask, we have no idea. There’s some rough and ready rumour about a botched programme trade involving a certain continental bank that is not in the Eurozone or the CEE. Oh, and there’s the oil factor. A lot of speculative money is coming out of the oil market — and that’s impacting London’s crude-heavy stock indices.
But that’s it. Maybe Brits are just more bearish by nature. Who knows.
Update:
A senior broker says:
We’ve had a day and a half of investor selling – real money; either (we hope) raising money for rights issues esp evident towards close on Monday) OR looking at the technicals and thinking ******* HELL.