We Haven't Seen The Spanish Stock Market Get Slammed Like This For A Long Time
The Spanish stock market is having one of those mornings that we haven't seen in awhile.
While most European markets are up (Italy, Germany, etc.), Spain is getting slammed.
It's main IBEX index is down nearly 2%, and banks are getting hammered.
The decline is not related to today's PMI release, and in fact the market is up a bit since that data came out.
Jamie McGeever of Reuters tweets what's going on in the banks.