Markets News Afternoon: Global markets in sharp slide on Korean tensions and Spanish banking troubles; Germany extends short selling ban
May 25th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and oil; Stocks fell sharply in global markets today and commodities also slid on concern about Spain’s banking system and tensions on the Korean peninsula. The German bund yield fell to its lowest since at least 1990. Financial stocks were sold off in Europe, extending Monday losses following the weekend seizure by the Bank Spain of Spanish regional savings bank CajaSur.