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European stocks steady, US futures in negative

FXStreet (Mumbai) - After the sell-off witnessed in the first couple of hours of trading, European indices have largely steadied. Still, the overall sentiment remains weak after Germany reported a horribly weak Industrial output data.

The Dax and the Ftse are trading down by 0.63% and 0.44% respectively. The Ftse has managed to recover some of its losses on better than expected manufacturing output data. Meanwhile, the Cac has lost 1%. The Eurozone periphery nation stocks are trading in red as well.

Consequently, the US Equity futures are trading in red, taking cues from European equities. The S&P futures are trading 0.16% lower at 1952.65 while the NASDAQ futures are trading 0.14% lower at 4001.40. Weakness in equity futures along with a fall in the treasury yields indicates weak opening for the US Equities.

Moreover, the concerns of German economic slowdown are likely to keep a tab on the risk-on buying in the equity markets today.

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