“European markets continue to tumble, with Spain down well over 3 percent.
Italy is also down more than 2.6 percent. Italian banks continue to take a beating. UniCredit and Intesa Sanpaolo are both down about 5 percent, Banca MPS has fallen around 4.4 percent, and UBI Banca is off 2.3 percent.
The core has also been affected, with the CAC 40 falling 1.6 percent and the DAX off 1 percent.
Notably, government bonds appear to be unaffected by the rout in equities, with Spanish and Italian 10-year yields both falling slightly today.
Check out the Spanish IBEX 35 today:
