London Burning

The big news this morning is the terrorist bombing in London. The immediate effect of this type of events is the "flight to quality", that is the moving of money into bonds.

The Pound is obviously affected negatively to the benefit of the Euro. Click the chart to see it full-size.


As expected, the money leaves the stock market, here is the hourly chart of the SP500 futures and of the FT100 futures. Click the chart to see it full-size.


This is a hourly chart showing the futures contract price of US 10-year note and the German Bund. Click the chart to see it full-size.

Categories: bondmarket, stockmarket, currencies