04:48
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ASIAN STOCKS MARKET
Asian stocks fell, with the regional benchmark index headed for its biggest monthly drop since the 2008 financial crisis, as China damped optimism for large-scale stimulus, adding to global growth concerns after Spain’s credit rating was downgraded.
U.S.STOCK MARKET
U.S. stock-index futures dropped as an opinion poll showed a majority of Greeks want to renegotiate the terms of their bailout, while the cost of insuring Spanish sovereign-debt against a default rose to a record.
EUROPEAN MARKET
European stocks fell the most in a week as Spain struggled to bolster its banking system and borrowing costs rose at Italy’s debt auctions. U.S. index futures and Asian shares also retreated.
U.S.TREASURIES
Treasuries rose, pushing 10-year note yields to within three basis points of the record low, as stocks slid and Europe’s worsening fiscal crisis increased demand for the relative safety of U.S. debt securities. German bonds are outperforming Treasuries as the debt crisis in Europe deepens, with the nation’s two-year note yields at 0.02 percent. U.S. two-year notes yield 27 basis points more than the German securities, the biggest difference since June 2010 based on closing market rates.
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