US Stocks Spike, European Banks Slump As Draghi Flip-Flops

Bunds are bid, the euro is modestly lower, European banks have pumped-and-dumped, but US equity futures love Draghi's newfound dovishness...

EUR/USD is down around 30 pips only...

 

Bund yields tumbled but bounced back to almost unch from before Draghi...

 

European bank stocks are back in the red, erasing most of the initial spike...

 

But US equity algos love it...