Up one day, down the next

FEARS the European debt crisis can’t be contained resulted in weak overseas leads overnight. The news spells a negative start to today’s trading for Australia-listed stocks while commodities, for the most part, climbed higher.

In response to the weak leads, the SPI 200 futures contract was trading down 45 points at 4282.

On Wall Street, stocks were dragged lower on reports of a jump in Italy’s borrowing costs.