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Wall Street may open on a weak note

FXStreet (Mumbai) - The activity in the US Equity futures is indicating that the equity markets in the US are likely to open on a weak note today.

The DJIA December futures are trading 0.40% lower at 16,668.50, while the S&P 500 December futures are down 0.50% at 1949.95. The Midcap Russell 2000 December futures have lost 0.65% to trade at 1108.20. The weakness in the US Equity futures is in line with the European equity indices, which weakened after a positive start. The Dax and the Cac are now trading lower by 1.44% each. Meanwhile, the Ftse is down 1.03%.

Moreover, the earnings shall remain under focus ahead of the Federal Reserve (Fed) rate decision due later in the week. Thirteen companies listed on the S&P 500 Index including Allergan Inc. and Seagate Technology report quarterly results today.

Elsewhere, in Frankfurt, the European central Bank (ECB) will remain the exact amount spent on covered bonds last week. The ECB has bought assets from Germany to Portugal since the beginning of program on Oct 20. A disappointing figure may result in a further slump in the European and the US equity markets.

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