Spain’s debt has just been downgraded by Fitch and it is having an immediate impact on markets. European financials that trade on U.S. indices are already feeling the pressure of renewed doubts over Spanish sovereign debt.
Barclays down 3%
Deutsche Bank down 2.4%
BNP Paribas SNP down 3.32%
Societe Generale SA down 2.71%
Credit Suisse down 2.08%
Banco Santander (Brasil) down 3.21%
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