14 Jan 2009

Eurostoxx showing some weakness

with key support at the 50% fib level 2362. Banks are taking the index down today.



Bunds just staying near the low as US fixed income and 30yr bunds still heavy. Intra EU spreads back to unchanged after the Irish IMF comment,. But let us see what happens after the 2 year auction in Germany, but still ECB Thursday, so maybe we need a break of the above mention Eurostoxx support to move higher from here today.

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