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News Link • European Union

Markets Make Big Comeback After Spanish Downgrade

•, Joe Weisenthal
 It's not a total disaster, but it's a fairly ugly scene in Europe this morning.

The big loser is Spain, which is down 1.7%.

That's not too much of a surprise, given that it was the receipient of a two-notch downgrade from S&P yesterday evening.

Yields are also jumping in Spain, though the 10-year yield remains below 6%.

As for other markets:

France -0.6% Italy -0.2% German: -0.5%

US futures are pointing down as well.

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