"The moves in Spanish bond yields over the last 48 hours of trading have been a big concern in the markets and a key catalyst for a bearish turn in equities"
- City Index
U.K. stocks declined amid concerns the Eurozone debt crisis is worsening. The FTSE 100 lost 117.9, or 2.1%, sliding to 5,533.87, the biggest 2-day selloff since May.
The broader FTSE All-Share Index also declined by 2.1%, while Ireland's ISEQ Index retreated 2.2%.
"The euro crisis has intensified in Madrid," said Joshua Raymond, Chief Market Strategist at City Index in London.
"The moves in Spanish bond yields over the last 48 hours of trading have been a big concern in the markets and a key catalyst for a bearish turn in equities."
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