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Stocks Spain Latest Information
Spain stocks fall sharply after Moody's downgrade Spain's stock market flirted with seven-year lows Friday as investors continued to worry about the stability of the eurozone's financial system in light of the downgrading by credit ratings agency Moody's of the country's banking industry. Stocks fall amid Spain bank fears MADRID, May 18 (UPI) -- Fear of what lies beneath a succession of downgrades of Spanish banks drove markets downward in Europe and elsewhere, with warnings that a U.K. subsidiary of Santander group might be also be at risk. Stocks down in Spain MADRID (AP) — Spanish stocks dropped sharply early Friday morning after ratings agency Moody's downgraded its credit score of 16 Spanish banks in the latest blow to the troubled financial sector. European stocks plunge as Spain's woes grow Europe’s main stock markets have tumbled and the euro hit a new four-month US dollar low as worries spiked over the eurozone debt crisis that is plaguing Greece and now circling Spain. Spain's troubled Bankia stocks soar 28.88% A customer uses a Bankia ATM machine in Madrid on May 17. Shares in Spain's troubled Bankia soared 28.88 percent on Friday as the financial sector staged a dramatic recovery a day after 16 banks were sharply ... World stocks erase year's gain; Brent at 2012 low By Caroline Valetkevitch NEW YORK (Reuters) - World stocks erased the year's gains o n Friday as investors fled risky investments for safe-haven assets on concerns about the euro zone's deepening debt ... Stocks: Facebook IPO vs. Europe worries U.S. stocks were poised for a higher open Friday as investor excitement over the Facebook initial public offering countered continued worries about the European sovereign debt crisis. Spanish Bank Stocks Up But Worries Remain After Moody's Downgrade Spain's banking stocks, including those of market bellwethers Banco Bilbao Vizcaya Argentaria SA (BBVA.MC) and Banco Santander SA (STD), rebounded Friday in early trade despite a credit downgrade that hit the sector overnight. US stocks lose over 1% on Europe fears US stocks piled up losses Thursday as negative news continued from Europe, with Greece's woes deepening and Spain falling into recession. |
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