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European Markets Are Selling Off

Oct 16, 2014, 13:38 IST

REUTERS/Lucas JacksonA trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014. European markets are bouncing back from selloffs on Wednesday.

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France's CAC 40 is down 0.64%

Spain's IBEX is down 1.78%

Italy's FTSE MIB is down 0.92%

Britain's FTSE 100 is the only riser, up 0.13%

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Germany's DAX is down 0.04%

And in Asia:

Japan's Nikkei also saw a major selloff, falling another 2.22%. It's now down 8.2% since January, and down nearly 10% since the end of September.

Hong Kong's Hang Seng is currently down 0.70%.

US stock futures are up a notch, with the S&P rising 0.24% and the Dow up 0.14%

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From Europe, there's the final inflation data for September out at 5 a.m. ET. It's expected to come in at 0.3%, and anything lower will be an upset.

Out of the US at 9.15 a.m. ET, we'll have industrial production figures for September, with analysts expecting a 0.4% increase from August. Then at 10 a.m. ET, the Philadelphia Fed manufacturing survey is out.

Fed policymakers Naranya Kocherlakota and James Bullard are both giving speeches today.

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