GLOBAL MARKETS-Stocks, euro slide, pressured by Spain worry

admin

* Euro plumbs new 2-year lows on fears of bailout for Spain * Investors turn to safe-haven bonds, sending yields to new lows * Brent crude falls more than 3 percent on demand worries (Adds Brent settlement) By Herbert Lash NEW YORK, July 23 (Reuters) – World equity markets sold off and the euro set new two-year lows against the dollar on Monday after reports that more indebted regions in Spain need financial aid fueled fears that the country may need a bailout. Investors fled to safe-haven government debt and the U.S. dollar as Spain’s plight, concerns about economic growth and renewed market talk of a possible Greek exit from the euro zone drove investment decisions. The euro slid as low as…

Next Post

Sally Ride, first U.S. woman in space, dies at 61

CAPE CANAVERAL, Florida (Reuters) – Sally Ride, the first U.S. woman to travel into space and an advocate for science education, died on Monday after a 17-month battle with pancreatic cancer, according to her organization, Sally Ride Science. She was 61. Ride broke new ground for American women in 1983 […]