Global Markets Update: Soros Says Must Watch Spain & Italy

Wednesday, 25 Jan 2012 | 11:28 AM ET

European markets close mostly down over ongoing concerns over a Greek debt deal. Billionaire George Soros says we need to strengthen Italy & Spain. Telecom shares fall after Ericsson misses sales and profit forecasts. German business sentiment rises for the third straight month. Treasury sells $35 billion in 5-year notes at yield of .899 percent.