Global outlook gloomier and gloomier:
Global outlook gloomier and gloomier:
Investors dealt Italy and Spain a battering Tuesday as the yields on their bonds struck euro-era highs amid mounting fears that an economic slowdown will hurt their chances of dodging Europe's spreading debt crisis.
The yield for the Spanish 10-year bond rose as far as 6.45 percent, the highest since the euro was created.
Dollar Sinks to Low Against Swiss Franc The dollar hit a record low against the Swiss franc on concerns about a slowdown in economic growth.
The Swiss franc is considered a safe-haven currency and tends to gain in times of turmoil.
UPDATE: MORE HERE.
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