The Spanish and Italian stock markets took a major beating today, falling a dramatic 3.5 and 2.7 percent respectively.
Borrowing costs for both countries also soared today, with the Spanish 10-year yield closing at 7.63 percent today.
Italian yields for bonds of the same maturity rose 24 bps to close at 10-year at 6.58 percent.
Other European markets didn't do very well either, though they managed to avoid serious losses:
Germany's DAX: -0.4%
France's CAC 40: -0.6%
England's FTSE 100: -0.6%
MORE: What The Troika Inspections Mean For Greece >
Please follow Money Game on Twitter and Facebook.
Join the conversation about this story »
Source: http://feedproxy.google.com/~r/TheMoneyGame/~3/q5Vp0aVn_XM/spain-italy-stock-markets-2012-7
Money Game Tech Crunch Personal Finance News & Advice Guide To Financial Fitness
No comments:
Post a Comment