We mentioned earlier that there was weakness in Europe today, as fears grow about the political situation in both Italy and Spain.
Equity-wise, Italy is taking the brunt.
The market is down over 1.6%.
Here’s an intraday chart of the Italian stock index, the FTSE MIB.
Photo: FTSE MIB
Meanwhile, Spanish yields are jumping.
On the all-important Spanish 2-Year bond, borrowing costs are going from 2.46% to 2.60%, a fairly meaningful jump at that level.