Markets Are Falling

toboggan italy water slide

Photo: YouTube/gracodtour

The selling isn’t overly dramatic, but markets are down to start the week as some of the glow from last week fades.Italy is down 0.6%.
Germany is down 0.2%.
Spain’s IBEX is down 0.7%.

Borrowing costs in Spain and Italy are both up modestly.

There were relatively few developments over the weekend.

The big question is: When does Spain submit to foreign help, a question that may be complicated by large anti-austerity protests hitting the question.

Meanwhile, in China, the Shanghai composite fell over 2%.

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