Markets as a whole have turned south, but this is quite a move developing in Spain.
The market there is down 1.9%.
[credit provider=”Bloomberg” url=”http://www.bloomberg.com/quote/IBEX:IND/chart/”]
Yesterday there were headlines about an equity wipeout for shareholders in the troubled bank Bankia, so it’s possible that has something to do with it.
In general Europe is having a weak day.