Sentiment Slumped amid Concerns on Spanish Banks, Greek Election

Concerns over a bailout for the Spanish banking sector loomed as the market lost confidence on the government strategy to recapitalize the sector. Worries about the situation in Greece re-emerged as the weekend polls showing the leading position of the New Democracy Party have been offset by 3 new polls showing different outcomes. Market sentiment was dampened by the ongoing crisis in the Eurozone. Wall Street slumped with the DJIA and the S&P 500 losing -1.28% and -1.43% respectively. Stocks also slumped in Asian session today.

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Sentiment Slumped amid Concerns on Spanish Banks, Greek Election