The selling isn’t overly dramatic, but markets are down to start the week as some of the glow from last week fades.
Italy is down 0.6%.
Germany is down 0.2%.
Spain’s IBEX is down 0.7%.
Borrowing costs in Spain and Italy are both up modestly.
There were relatively few developments over the weekend.
The big question is: When does Spain submit to foreign help, a question that may be complicated by large anti-austerity protests hitting the question.
Meanwhile, in China, the Shanghai composite fell over 2%.