US equities suffered heavy losses, Companies sell billions in debt rush

Eurozone debt crisis going worsen, Eurozone concerns weigh on sentiment, Equities shift into reverse as the agreement on loans to help Spanish banks fails to quell fears of contagion from Europe's debt crisis, After Greece then Spain and then Italy

Daily forex news and stock for picks we reported, FTSE edges up as investors stay defensive, Admiral Group, utilities and other providers of regular dividends move higher as traders remain cautious after recent bout of volatility

Latest update from Eurozone Debt Rush, Companies sell billions in debt rush, Early calculations show more than €6bn was raised in Europe by non-financial corporates – in one of the busiest days this year for eurozone issuance and crowd situation

Meanwhile from S&P we reporting, Banks take steam out of early S&P 500 rally, US equities suffered heavy losses and descended throughout the day to close at a session low, with State Street bucking the downward trend in financials