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Global Markets Update: European Markets Boosted by Strong Data

Tuesday, 3 Jan 2012 | 6:15 AM ET

U.S. futures open the New Year up. In Europe, the debt crisis still overhangs, although the markets open the year up, boosted by strong economic data. German unemployment drops to its lowest level since 1991. Bond yields in Europe are slightly higher on the day as Italy and Spain will resume selling next week. The euro remains under pressure, even though it's up slightly on the day.