S&P 500 tumbled 1.6% on Monday

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Source: Dukascopy Bank SA
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 lost 6.1% on worries over the management of its fourth-generation network extension. 

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Tue, 26 Jun 2012 08:59:16 GMT

Nikkei 225 gave up 0.8% on Tuesday

Japan's Nikkei Stock Average depreciated on Tuesday pressed lower by renewed worries over Spain and growing pessimism ahead of summit. Moreover, Cyprus officially requested bailout. Nikkei 225 index faded 0.81% or 70.63 points settling at 8,663.99. Car manufacturers declined after China signalled it will not add more stimulus to support car market. Honda fell 1.5% and Toyota Motors lost 1.1%.

Tue, 26 Jun 2012 07:48:26 GMT

European shares fell on Monday

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

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