U.S. and E.U indices fell Monday as investors lowered their expectations for a key summit of European Union leaders later this week. The leaders are expected to discuss steps towards a so-called banking union and other measures to boost economic activity. But investors are skeptical that Germany will back more radical moves to share the debt burden of struggling euro area governments. Furthermore, the Spanish government made its formal request for bank aid from the European Union, but it mentioned no specific sum outside of the previously stated maximum of EUR100 billion ($125 billion). Read more
