The last couple of trading days were a grill drill for equity longs however on a different pace depending on the market. Whats interesting though is the rebound in yield has been much greater than the slipping in equities and SX5E stood particularly still.

Eurostat released statistics about foreign language knowledge about almost all of the European nations.
About the two ends:
Almost every top notch countries (where English is the first foreign language) share the same qualities: competitive democtaric nations with high standard of living, stable legal system, great education possibilities etc. These are the important gradients for a successful country not f.i. natural resources.
On the other end: the countries with the lowest figures (Hungary, Bulgaria, Spain) are all facing serious problems. I’m not saying it comes down only to this but the nations’ skills and adaptation capabilities are the sums of people’s making up the country.


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