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Global Markets Update: Spanish Yields Plummet

Tuesday, 20 Dec 2011 | 5:10 AM ET

U.S futures begin the day up. Bargain hunting in Asia brings mixed day to markets as investors remain cautious over the euro zone. The market in Britain is lower but the rest of Europe is up as yields for short term Spanish bonds plummet. The euro gets a boost from better-than-expected German IFO data. Deutsche Telekom is down after AT&T announces it's pulling out of its $39 billion bid to acquire T-Mobile USA.