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News Link • Economy - International

10 Things You Need To Know Before The Opening Bell

•, Eric Platt
  Markets sold off in overnight trade in Asia, with Japan's Nikkei down 0.8 percent. Shares in Europe are in the red and U.S. futures point to a negative open.  Spain officially requested a bailout from the 17-nation euro-zone. In a letter, Spain's Finance Minister Luis de Guindos said the country would ask for a sufficient amount to cover its banking system, channeled through a state backed bailout fund. This is the scariest chart on the Spanish banking system > Fitch downgraded Cyprus into junk territory this morning, lowering the bank to BB+ from BBB-. The ratings agency cited a large exposure to Greek debt, forecasting the country's banks will require at least $4.9 billion more in capital injections.

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