FTSE pauses for breath as eurozone fears resurface

Spanish 10-year bond yields touched 6%, leading the FTSE 100 to slump to its lowest level of the year, posting losses of 128 points to finish at 5,596. The yield on Italian 10-year bonds also spooked markets, climbing to 5.7%, while Italy's FTSE MIB index closed more than 5% lower. However, at 8.45am Spanish and Italian yields pushed lower, declining to 5.91% and 5.65% respectively, giving European markets a much needed breather. The FTSE 100 has opened trading up 0.32% or 18 points to 5,614, but has almost undone all its gains since the start of the year as fears over the eurozone...