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Global Markets Update: Fears of European Recession Grow

Thursday, 15 Dec 2011 | 5:10 AM ET

U.S. futures are up across the board. European manufacturing data continues to contract. Spain sells more than 6 billion euros of government bonds. The euro hits an 11-month low against the dollar. Gold is up slightly today but still down for the week. And Asian markets continue to slide on concerns over Europe and weak economic data.