Financial markets tumbled as sovereign debt crisis worsened and the focus was turned to Spain. The disappointing Spanish bond auction sent yield higher and revealed the weak confidence towards the country. Wall Street slumped with the DJIA and S&P 500 losing -1.13% and -1.68% respectively. Commodities plummeted with the front-month contracts for WTI and Brent crude declining -3.67% and -3.27% respectively. Gold slid -3.06% during the day.
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Financial Markets Slump as Debt Crisis Spreads to Spain
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