European Debt Crisis Spreads Like Wild Fire

: inthemoneystocks | Jul 12, 2011 | 160 views

This morning, the S&P 500 Index futures (ES-U1) have traded all over the map. Currently, the S&P 500 e-mini futures are trading lower by 4.00 points to 1314.15 per contract. The problems in Italy, Spain, and the rest of the European Union seem to be spreading across the markets like a wild fire. Last night, the Asian markets tumbled sharply lower. The Hang Seng Index (Hong Kong) lead the declines in Asia, trading lower by over 3.0 percent. The popular and highly followed Shanghai Index (China) ended lower by 1.70 percent. The Sensex and the Nikkei 225 were also down over 1.0 percent. The contagion is spreading from Europe.

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