Futures Rebound off Lows

European shares are bouncing. Italian bank Unicredit is up 3%. S&P futs are down 2 on rumors ECB are buying Italian and Spanish debt.

Spreads are coming in.

Bad earnings + the fact it is a bank in Europe = plunge

Italy down 3.8% and the rest are not too far behind.

Italian: 410bps
Spain: 419bps

At 450bps, margin requirements go up.

S&P futs are tanking, down 13.

Down 4% to $83

Ftse -100
Dax -130
Cac -70

Full article

Sweet 4.4% “correction.”

Full article

Off by 3.75%

We’re just getting warmed up.

No. Ticker % Change
1 TVIX 46.97
2 VIXY 22.94
3 VXX 22.13
4 ERY 21.15
5 DPK 20.57
6 VIIX 19.49
7 TZA 18.31
8 SRTY 17.85
9 LHB 17.60
10 EDZ 17.57
11 MWN 17.56
12 SOXS 17.32
13 YANG 16.74
14 BXDC 15.95
15 SMN 15.93
16 DRV 15.46
17 EPV 14.94
18 FAZ 14.94
19 SPXU 14.78
20 ZSL 14.23
21 EFU 13.91
22 TYP 13.81
23 DUG 13.71
24 BGZ 13.64
25 BZQ 13.45

——————————–

No. Ticker % Change
1 XIV -20.45
2 DZK -20.40
3 ERX -19.83
4 RUSL -18.92
5 MATL -18.60
6 TNA -18.19
7 COWL -17.91
8 MWJ -17.70
9 EDC -17.27
10 LBJ -16.85
11 SOXL -16.38
12 DRN -16.34
13 YINN -16.08
14 UYM -15.82
15 FAS -15.24
16 BGU -14.85
17 AGQ -14.30
18 UPRO -14.13
19 TYH -13.68
20 TQQQ -13.27
21 DIG -12.46
22 UKK -12.42
23 UWM -12.05
24 UCO -12.04
25 MVV -11.65

No. Ticker % Change Market Cap
1 DNDN -67.05 5,230,000,000
2 PMI -53.41 142,190,000
3 AIB -40.24 2,010,000,000
4 MCZ -39.03 78,000,000
5 NTSP -38.59 684,810,000
6 SCOR -38.28 671,650,000
7 ENTR -38.17 572,320,000
8 FSTR -35.94 350,650,000
9 GTIV -34.02 408,500,000
10 LEAP -33.76 789,130,000
11 RPTP -33.33 192,000,000
12 GNOM -31.38 354,500,000
13 EMKR -30.66 214,650,000
14 WLT -29.40 6,880,000,000
15 HUN -29.13 4,300,000,000
16 CLWR -28.54 608,120,000
17 SVNT -28.11 453,220,000
18 AHT -27.23 649,190,000
19 CTB -27.22 1,020,000,000
20 CEDC -27.15 648,610,000
21 MDR -26.80 4,470,000,000
22 IN -26.76 617,080,000
23 KSWS -25.61 362,440,000
24 USU -24.69 387,670,000
25 ARO -24.15 1,330,000,000

————————————————–
No. Ticker % Change Market Cap
1 CTC 21.49 75,060,000
2 WWWW 19.52 236,510,000
3 ATSG 16.49 311,170,000
4 EM 12.92 1,480,000,000
5 AUTH 10.69 126,940,000
6 NSIT 9.63 771,260,000
7 CHRM 9.00 989,960,000
8 FIRE 7.26 684,350,000
9 SRDX 6.78 180,770,000
10 HVT 6.49 235,740,000
11 LIWA 6.42 191,900,000
12 IGC 6.32 5,190,000
13 STMP 5.86 251,940,000
14 ULBI 5.32 81,250,000
15 OSG 4.77 600,180,000
16 VIRC 4.51 34,660,000
17 RWC 4.46 15,130,000
18 SWI 4.32 1,550,000,000
19 RDI 4.07 96,050,000
20 TELK 3.92 27,520,000
21 MERR 3.92 5,470,000
22 ABCO 3.84 931,190,000
23 FUEL 3.77 13,360,000
24 PKD 3.76 673,450,000
25 MMI 3.68 6,620,000,000

off by 6%.

No. Ticker % Change
1 TVIX 20.00
2 LHB 15.37
3 DPK 15.27
4 ERY 14.54
5 EDZ 13.27
6 YANG 12.21
7 VIIX 11.77
8 SMN 11.44
9 SOXS 11.14
10 EPV 11.00
11 BZQ 10.99
12 MWN 10.63
13 EFU 10.31
14 VIXY 9.74
15 DUG 9.72
16 VXX 9.68
17 BGZ 9.60
18 EWV 9.48
19 TZA 9.24
20 EEV 9.20
21 SPXU 8.93
22 TYP 8.81
23 SRTY 8.73
24 ZSL 8.54
25 DUST 8.42
26 FAZ

Absolute bloodbath.

Spanish Treasury says cancels plans to issue bonds on August 18th; plan to issue new 5-year bond on September 1st

The Italian markets are not updating.

Milan, Aug 4 – 16:22

Subject: FTSE MIB index – Traders are informed that the value of the FTSE MIB index might not be updated in real time basis. Further communication will follow.

General indices up between 0.5-1.2%.

US Futures are climbing, now up 4.2.

Australia -1.3%
Hong Kong -0.9%
Korea -2.3%
Taiwan -1.65%

Japan +0.2%