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Global Markets Update: German 2011 Average Unemployment Lowest Since 1991

Tuesday, 3 Jan 2012 | 5:10 AM ET

U.S. futures are closed until 6am this morning. In Europe, markets are lifted by mining stocks. UK manufacturing PMI rises to 49.6 percent. The German jobless rate hits a record low, while the euro is back over $1.30. Asian markets rally on strong PMI data from China. Japan and Shanghai markets are closed today for the New Year's holiday.