European shares fell on Monday

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Source: Marketwatch
European stocks traded notable lower on Monday as investors hopes for positive outcome in upcoming EU summit faded. Moreover Spanish bond yields again moved closer to 7% after Moody's downgrade. Stoxx Europe 600 fell 1.5%, German DAX lost 2.1% and Athens General index plunged 6.8%. Italian FTSE MIB index shed 4% and British FTSE 100 dropped 1.1%. Spanish IBEX 35 closed 3.7% down while French CAC 40 gave up 2.2%.
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Tue, 26 Jun 2012 08:37:17 GMT

S&P 500 tumbled 1.6% on Monday

S&P 500 index fell on Monday amid concerns that due to Germany's opposition European officials won't be able to come up with a valid solution for region's debt turmoil during upcoming EU summit. US benchmark dropped 1.6% or 21.30 points and closed at 1,313.72. World's biggest wine producer Constellation rallied 13% on news about acquisition by Anheuser-Busch InBev. Sprint Nextel

Tue, 26 Jun 2012 07:37:20 GMT

US shares tumble on fresh European fears

US equity markets experienced downward path on Monday weighed down by negative news from Europe as Moody's downgraded Spanish banks and Merkel's speech raised concerns EU summit will not bring any particular solution to debt woe. Better than expected new home sales sent building shares higher but did not manage to break overall negative trend. S&P 500 index fell 1.6%

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