“European stocks fell for a third day, the euro weakened and Spanish bonds declined on concern that slowing growth will exacerbate the region’s debt crisis. The Swiss franc breached the central bank’s exchange-rate limit.
The Stoxx Europe 600 Index (SXXP) slid 0.5 percent at 7:10 a.m. in New York, having earlier risen as much as 0.5 percent. Standard & Poor’s 500 Index futures dropped 0.4 percent. Spanish bond yields rose 11 basis points to 5.80 percent, German note yields fell to a record, and the euro weakened 0.5 percent to $1.3071. The franc touched 1.19995 per euro, prompting the central bank to say it will defend its currency cap….”
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