Spain Bank Fears Hurt European Markets
Spain said it may need 80 billion euro to support its weak bank system. That adds to concerns about its sovereign debt. The worry caused European markets to drop The DAX was off .68% to 6,072. The FTSE 100 was down…
Spain said it may need 80 billion euro to support its weak bank system. That adds to concerns about its sovereign debt.
The worry caused European markets to drop
The DAX was off .68% to 6,072. The FTSE 100 was down .76% to 5,625.
In Asia, the Shanghia Composite was off 1% to 2,148 MarketWatch points out this is the lowest level since March 2009.
The Hang Seng was up .5% to 18,813. The Nikkei 225 moved down .8% to 8,489.
The drop in Shanghai is another indication of concerns about a slowdown in GDP and a possible collapse of home prices
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