Here's That Selloff In Europe People Were Expecting - Yields In Spain And Italy Jump
Feb 4, 2013, 14:30 IST
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A potentially major corruption scandal is swirling around Spanish PM Mariano Rajoy.
And in Italy, a coming election has people quietly nervous.
Today we're seeing selling in the stock and bond front in both of those countries.
Italian stocks are down 1.3%.
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Spain is down 0.5% (it was down 1.7% on Friday).
Two years borrowing costs in both countries is jumping a bit... not huge but notably.
Other than that: US futures a down a touch, while Asia was higher modestly.