Reuters/Stefano RellandiniHere is what you need to know.
European stocks are getting smoked. Heavy selling has European stock markets under pressure. Greece’s ASX is down 5.7%. Financials are being hit especially hard, off 20%. Other European markets are lower with Germany’s DAX weaker by 2.4%. In the US, S&P 500 futures are down 21.25 points at 1,854.00.
Bond yields are rising in Europe. A 33 basis point spike (prices fall when yields rise) has Greece’s 10-year yield up to 9.66% and flirting with its highest levels since August. The selling has spread into the rest of peripheral Europe with Portugal’s 10-year yield …read more
Source: Business Insider
