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 a while.

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.

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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.

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