Spain takes steps to nationalize Bankia
Spanish CDS hit record high
Spain to miss deficit targets
SYRIZA unable to form Greek coalition
EFSF holds back 1B euros in Greek aid payment
Rajoy confirms more Spanish bank decision to be taken Friday
IMF "reluctant" to lend to Italy or Spain
US wholesale inventories and sales below estimates, GDP estimates trimmed
Kocherlakota: Fed should begin considering tightening in 6-9 months
Pianalto: expects 2.5% growth this year
Merkel: "Still" wants Greek in eurozone
US sells 10-years at record low yield
S&P 500 down 0.7% to 1354
The euro hit the skids at the ECB fixing, falling to 1.2930 in the first down-leg and to 1.2910 afterwards. Barriers ahead of 1.2900 braced the fall and EUR/USD bounced 60 pips before drifting back to 1.2946 last. Offers are at 1.2960/65.
Cable ran through stops below 1.61 in early North American trading and hit more below 1.6075 but rebounded shortly afterwards to 1.6130 in late European trading and then above 1.6150 in the US. Offers remain in the 1.6160/70 area.
USD/JPY fell as US 10s came perilously close to breaking support at 1.79% but the level held, risk sentiment improved and the pair rebounded to 1.7973 from 1.7943.
USD/CAD hit a 3-month high abvoe the 1.0052 range-top but it was unable to make further headway and drifted back to parity suggesting it's too soon to call it a breakout.
Oil and gold also bounced after carving out recent lows; at $96.52 and $1590, respectively
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