»» Eurozone sovereign debt headwinds from Spain jostled global markets and
weighed on European equities, particularly on the region’s banks. However,
Asian and U.S. markets withstood the pressure relatively well.
»» Mixed signals from the Fed contributed to the pullback in precious metals and
»» Skepticism about Spain’s aggressive austerity plan and economic growth
prospects seem well-founded. Current firewalls may be inadequate. (page 2)
»» Global Roundup: Updates from the U.S., Canada, Europe, and Asia. (pages 3-4)