Morning Call: Sluggish German Growth Weighs on Markets

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After a three day rally from 1100 to about 1200, S%P Futures are opening down about 15 handles this morning. The catalyst for the selling is disappointing Eurozone growth data emanating from Germany, triggering further fears about a sputtering global economy. Germany’s DAX 30 Index has shed 2.5% after revelations that Germany’s expanded by only 0.1% in the second quarter, down from 1.3% in the first quarter. German (…)
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