US Stocks Spike*, European Banks Slump As Draghi Flip-Flops
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the headlines tyler's…. 21 pts on the Dow futs is not a "Spike".
Bunds(german debt) are bid, the euro is modestly lower, European banks have pumped-and-dumped, but US equity futures love Draghi's newfound dovishness…
EURUSD is down around 30 pips only.
Bund yields tumbled but bounced back to almost unch from before Draghi.
European bank stocks are back in the red, erasing most of the initial spike. ( this is a common pump and dump tactic employed here-the system knew what these comments were going to be and certainly took the op to unload. Because everyone is rushing to own the equity's of zombie banks)
But US equity algos love it…(of course they do-kek!)
https://www.zerohedge.com/news/2019-03-07/us-stocks-spike-european-banks-slump-draghi-flip-flops
https://www.bloomberg.com/markets/stocks/futures
https://www.dailyfx.com/crude-oil