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Bounce set for stocks as Italy climbs 2%

Published 05/30/2018, 07:26 AM
Updated 05/30/2018, 07:26 AM
© Reuters.  Bounce set for stocks as Italy climbs 2%
  • Italian bond yields are plunging almost as fast as they rose yesterday, down 24 basis points to 2.86%. That's helping Italian shares (NYSEARCA:EWI) to a 2% gain, though gains across the rest of Europe (NYSEARCA:FEZ) are muted.
  • Reports are that coalition talks are back on.
  • S&P 500 futures (NYSEARCA:SPY) are higher by 0.5%.
  • With panic in Italy subsided, safe-haven bond yields are on the rise. The 10-year U.S. Treasury yield is up 10 basis points to 2.88%, and the 10-year German Bund yield up 11 basis points to 0.37%. TLT -1.4%, TBT +2.8% premarket
  • Now read: SPY Displaying A Holding Pattern, Here's How To Play It


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