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Europe quietly puts in a solid rally. Stoxx 50 +1%, Germany +0.7%, France +0.9%, Italy +1.9%, Spain +4.2% ([[EWP]] +30% since Draghi's "whatever it takes" remarks), U.K. flat. Spain's 10-year bond rate fell 11 bps to 6.53%. The euro +0.5% to $1.2355.

Europe quietly puts in a solid rally. Stoxx 50 +1%, Germany +0.7%, France +0.9%, Italy +1.9%, Spain +4.2% (EWP +30% since Draghi's "whatever it takes" remarks), U.K. flat. Spain's 10-year bond rate fell 11 bps to 6.53%. The euro +0.5% to $1.2355. Post your comment!