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Europe Stocks Fall as Yen Rises; U.S. Futures Erase Gain
Bloomberg – Stocks (SXXP) fell, U.S. index futures reversed earlier gains and the yen strengthened as earnings missed estimates and Standard Poor’s said Greece may have to restructure its debt again. Spanish and Italian bonds dropped. The Stoxx Europe 600 Index (SXXP) lost 0.8 percent at 8 a.m. in New York. SP 500 Index futures slipped 0.2 percent after earlier rising 0.3 percent. The Hang Seng China Enterprises Index slumped 1.6 percent. The yen appreciated against all 16 of its most-traded peers. Read Article
Tags: Asia, debt wealth, Europe, financial system, North America
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