Market Data
Last Updated at 09:49 GMT
| Dow Jones | 12822.57 | Down | -120.79 | -0.93% |
| Nasdaq | 2925.30 | Down | -40.60 | -1.37% |
| FTSE 100 | 5555.34 | Down | -96.43 | -1.71% |
| Dax | 6524.59 | Down | -105.43 | -1.59% |
| Cac 40 | 3132.55 | Down | -61.34 | -1.92% |
| BBC Global 30 | 6191.66 | Down | -13.88 | -0.22% |
Markets have fallen on fears Spain's indebted regional governments will push the country into seeking a full national bailout.
On Friday, Valencia, one of the country's 17 regions, asked the central government for a financial lifeline. On Sunday, a local newspaper in Murcia quoted its government's head as saying it would ask for funding help of up to 300m euros ($363m; £233m).
The yield on Spain's 10-year bonds jumped to 7.55%.
On Friday, the bond yield - which implies the interest rate the government would have to pay to borrow new money, and acts as a measure of investor confidence in Spain's creditworthiness - had been 7.28%.
Spain has already asked for and been granted a 100bn euros bailout for its banks, so far avoiding asking for the same sort of help as did Greece, the Republic of Ireland and Portugal.
Germany's 10-year borrowing costs have fallen to 1.13%, reflecting investors' trust in the country, leaving a record difference between the yield on German and Spanish bonds.
Yen strength Stock markets fell across Europe on Monday morning, averaging losses of 1.5%, while Spain's main market was down 3%.
“Start Quote
Spain is heading for a general bailout. It may not happen immediately, but that is what the figures suggest - that sometime in the autumn, maybe sooner, the country will need a full-blown rescue”
Spanish bank shares were down
heavily again, with losses of 4%. Bankia was again the worst-hit and was
down by 8%, matching Friday's loss.
The price of oil has also fallen by 2%, a sign that markets
think there will be waning demand for oil as a result of worsening
economic prospects.In Asian trading overnight, the euro fell to an 11-year low against the Japanese yen - which has acted as a haven currency since the 2008 financial crisis - on worries over the situation in Spain.
The euro fell to 94.37 yen, its lowest level since November 2000.
"The fear now is that, given its debt woes, Spain may eventually need a bailout from the International Monetary Fund or the eurozone's rescue fund," Justin Harper of IG Markets told the BBC.
"That is driving investors away from the euro to other relatively safer-haven assets."
Asia worries Worries that the debt problems in eurozone will hurt growth in Asia hit the regions' stock markets, with Japan's Nikkei 225 index down 1.9% and South Korea's Kospi 1.8% lower.
The eurozone is a key market for Asian exports and there are concerns that demand from the region may decline in the near term.
At the same time, a weaker euro has also added to the woes of Asian exporters, as it makes their goods more expensive for buyers from the region.
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