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A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the World Wide Web.

Portugal’s Espirito Santo International, holding company for the country’s largest bank, has missed payments on a debt issue, sending regional equity markets into a tailspin. The publicly traded bank stock, Banco Espirito Santo SA, was halted after falling more than 20 per cent and the primary Portuguese equity benchmark stands lower by four per cent.

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