Jitters over Spanish elections, Greece hit banks, euro

On a day that saw most European bourses and Wall Street shut for holidays, losses piled up for markets in Spain and Greece after regional elections yielded political upsets in one, and signs of a worsening debt crisis cropped up in another.

At the close of trading, losses for the Spain IBEX 35 index IBEX, -2.01% surpassed 2% on Monday, while Greece’s Athex Composite Share index GD, -3.11% tumbled 3%. In sympathy with those regional losses, the FTSE MIB Italy index FTSEMIB, -2.09%  dropped 2% and the Portugal PSI 20 index PSI20, -1.83%  fell around 1.8%

The French CAC 40 PX1, -0.50% one of the few other bourses open, with U.K. and Germany shut, fell 0.5%. Wall Street is shut down for the Memorial Day holiday.

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