Closing changes in Europe:
- UK FTSE -0.6%
- German DAX -2.4%
- French CAC -2.1%
- Italy MIB -2.8%
- Spain IBEX -1.9%
Losses in the S&P 500 have extended to 18 points, or 0.8%, to 2096 after a failed test of 2020 yesterday.
The driver is the bond market as periphery yields move up on Greek turmoil. Longer-term bets on Bunds and euro shorts are also being unwound.
