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08:03 PM
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EUROPE IS BACK: Risk of Spain worsens and infects Portugal!!!
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[quote:Anonymous Coward 14082907:MV8xODMyMjkyXzMwNTI5MjY4X0Q2ODhGMDVE] woo woo [/quote]
Original Message
EUROPE IS BACK: Spanish And Italian Markets Are Getting Smashed, And Yields Are Spiking! After a long holiday, Europe is back.
And it's not pretty.
The two big weak spots: Spain and Italy are playing catchup with the declines around the rest of the world, reacting to the jobs report and everything else, and it's not pretty.
Italy is off 2%.
Spanish stocks are off 1.5%.
Both are seeing yields spike.
The Italian 10-year bond now yields 5.52%
Meanwhile, Germany's DAX is down 1.4% and France is down 1.6%.
Meanwhile, US futures are slightly green at this early hour.
[
link to www.businessinsider.com
]
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