Gazprom Threat Sends European Stocks Reeling

Friday, March 7, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/07/2014

European bond markets, simply put, did not blink at anything this week (and Portugal spreads actually rallied) as the insanity of that segment of the market remains. Europe’s high-yield credit market moves to near record low spreads (on rumors of an aggressive hedge fund squeeze). But all of this beggars belief as we see European stocks giving up their post-Putin gains and collapsing today on the good-news-is-bad-news from the US but much more critically the Gazprom threats (which smashed Germany’s DAX red for 2014 and down around 2% today).

The Rest…HERE

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