if you look at the charts you will notice the estoxx refused to go below 4410 whilst the spoos dropped 9 handles. finally someone entered a massive sell order in estoxx and dax that caused the spike down, which was quickly reversed. that is the reason.
MSFT ! Very good numbers ! AIG a little bit in the spotlight because of subprime related write-downs. But manageable. If an insurer does not understand risk management, who does ? Expecting upward bias with high oil prices being a drag on overall development. May see retest of 8000 level and if ES breaks through 1530 even higher prices ! GL+GT