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Blood On The Streets Of Europe - Stocks Crash By Most In 4 Years, Bond Risk Surges

Carnage - everywhere. A surging EUR - as CNH carry traders unwind en masse - has led to an unwind across most risky assets in Europe. This week saw EuroStoxx 600 - the broad index - crash almost 6%, its biggest drop sicne September 2011. Perhaps most stunningly, Germany's DAX was the biggerst loser - collapsing 7.4% on the week. European bonds are are also seeing risk increase dramatically with Portugal and Italy worst (aside from Greece's blowout).

 

Worst weeek for European stocks in 4 years..

 

Led by a complete collapse in DAX...

 

And European bond risks - despite Draghi's promises - are blowing wider...

 

Charts: Bloomberg