Mexican stocks fall sharply on Spain jitters

Mexican stocks fell sharply on Monday to a one-week low as concerns that Spain may need an international bailout weighed on riskier assets around the world.

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Germany's credit rating warning

Germany and the Netherlands have been put on negative ratings watch by Moody's. It is after increased fears about Spain's economy sent markets tumbling after news that the country was pushed deeper into recession and a step closer to a formal bailout