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Global Markets Update: Merkel Downplays Possible Downgrade

Tue 06 Dec 11 | 11:30 AM ET
A dip in Europe on the day. S&P puts the European Financial Stability Fund on creditwatch negative. Meanwhile, Merkel downplays the possibility of a downgrade and German industrial orders in November post their biggest gain since March 2010, with CNBC's Carl Quintanilla & Gary Kaminsky, and Fast Money trader Joe Terranova.
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