“Spanish yields have blown up in the past hour to their highest levels since December as concerns about the Spanish government mount,” said Ioan Smith, a strategist at Knight Capital Europe, in the article. “In addition to the growing corruption scandal in Spanish politics, the Italian elections towards the end of the month are also a concern.”
Monday’s sell-off was a reversal from the recent trend of European stock ETFs outperforming the U.S. [Euro ETFs Rise as Currency Tops $1.35]
“Political uncertainty is causing a stir in European markets,” said Jennifer Lee, an analyst at BMO Capital Markets, in an Associated Press report.
iShares MSCI Italy
