European Stocks Seen Lower on Spain and Apple
July 25, 2012 at 01:08 AM EDT
European stocks are expected to open lower on Wednesday amid concerns over Spain and Greece's finances and following a rare earnings miss by Apple. With Spain's borrowing costs soaring after an auction of short term debt on Tuesday an alarm signal was sounded when the cost of borrowing over 5 years rose above the cost of 10 year borrowing.