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There isn’t much to report on out of Europe. After markets closed in the U.S. on Wednesday, Fitch announced it had slapped a negative outlook on the U.K.’s AAA sovereign credit rating.Markets are down modestly early in the European trading session.
England’s FTSE 100 is down 0.2%%.
France’s CAC 40 is down 0.2%.
Germany’s DAX is down 0.1%.
Spain’s IBEX 35 is down 0.4%.
Italy’s FTSE MIB is down 0.1%.
U.S. markets are looking at a flat open right now. Dow futures are up just 6 points.
In other news, Chinese leader Bo Xilai was ousted from his position last night. This could reflect some cracks in China’s political system.
Meanwhile, a JP Morgan analyst has declared that China’s economy is in a hard landing.