Uplift in Sentiment was Short-lived as Spain Denied Bailout Request

Financial markets were lifted initially by Reuters' report that Spain would make formal request for external funding as soon as during the weekend. Yet, gains were limited after Prime Minister Mariano Rajoy denied that he would do so soon. Wall Street opened higher but then retreated later in the day. The DJIA ended the day sliding -0.24% while the S&P 500 index added +0.09%.

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Uplift in Sentiment was Short-lived as Spain Denied Bailout Request