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European equities take a beating, US Equities to open lower

FXStreet (Mumbai) - The European equity markets have taken a beating today due to the threat of a slowdown in the global economy. Moreover, the threat just increased as the US posted a disappointing retail sales figure for September.

The Core Eurozone indices – the Dax and the Cac - have shed 1.84% and 2.31% respectively. Elsewhere, the Italian Ftse-MIB is trading almost 3% down, while the Spanish Ibex is trading 2.3% lower at the time of writing. The markets in Greece are down by 9%.

Meanwhile, the S&P futures and the NASDAQ futures are trading lower by 1.10% and 1.19% respectively. The DJIA futures are down by 0.83%. The activity in the US equity futures indicates that the markets are likely to open on a very weak note.

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