Markets Are Down In Europe

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Photo: Wikimedia Commons

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.

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