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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