By Matthew Smith:World markets have come under pressure again as Spanish borrowing rates have now surpassed the 7% threshold. This is where problems have arisen for other members in the EU, and there is no reason to believe it will be any different for Spain. Investors should view it as a matter of when they will need another bailout, not a matter of if.The day may not be lost as it is Job Thursday here in the United States. The economic news to watch for today is Initial Claims (Consensus 375k), Continuing Claims (3275k), CPI (Consensus -0.2%), and the Core CPI (Consensus 0.1%).
Looking at Asian markets we see markets are mixed:
All Ordinaries - down 0.53%Shanghai Composite - down 0.99%Nikkei 225 - down 0.22%NZSE 50 - up 1.02%Seoul Composite - up 0.65%
In Europe markets are lower:
CAC 40 - down 0.80%DAX - down 0.98%Complete Story »
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