Markets Are Down Across Europe

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Markets are in the red early in the European trading session.

England’s FTSE 100 is flat.

France’s CAC 40 is down 0.5%.

Germany’s DAX is down 0.4%.

Spain’s IBEX is down 0.4%

Italy’s FTSE MIB is down 0.4%.

It’s pretty quiet in Europe in terms of market moving economic news.

All of this comes in the wake of a big GDP report in Japan where Abenomics appeared to have caused the economy to surge by 3.5% year-over-year in Q1.  Economists were looking for a 2.8% growth rate.

Yesterday, European stocks closed at their highest levels since June 2008.

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