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Global Markets Update: European Stocks Slip Despite Greek Bailout

Tuesday, 21 Feb 2012 | 5:10 AM ET

US futures point to Wall Street opening higher after a mixed session on Friday. European shares slipped back from near seven-month highs on Tuesday, with strategists saying the focus would now turn to the bleak outlook for Greece's economy after the country secured a bailout package and averted a messy default. Asian stocks also dipped, concerns that the deal is only a short-term fix kept stocks subdued.