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              Demonstrators clash with a riot police during the general strike in Barcelona, Thursday, March 29, 2012. Spanish unions angry over economic reforms are waging a general strike, challenging a conservative government not yet 100 days old and joining other troubled European workers in venting their frustration on the street. (AP Photo/Manu Fernandez)
              Demonstrators clash with a riot police during the general strike in Barcelona, Thursday, March 29, 2012. Spanish unions angry over economic reforms are waging a general strike, challenging a conservative government not yet 100 days old and joining other troubled European workers in venting their frustration on the street. (AP Photo/Manu Fernandez)   

Core Europe is getting crushed right now

This is turning into a bit of a market rout, especially on core Europe.

While Spain and Italy are both lower, it’s France (down 1.24%) and Germany (down 1.74%) that are really taking this on the chin.

This follows a rough night in Japan, and of course a down day in the US yesterday.

As for the US, look for a selloff everywhere.

Gold is down again today, and US futures are pointing to loss fairly close to 1%.

Meanwhile, the big big story of the morning in Spain, which had a mediocre 3-year debt auction, and is now seeing yields rise across the board.

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