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Global Markets Update: European Stocks Down on Low PMI Numbers

Wednesday, 22 Feb 2012 | 6:10 AM ET

U.S. stock futures pointed to a mixed opening for Wall Street on Wednesday, ahead of an announcement by the US treasury on corporate tax cuts. The FTSEurofirst 300 index of top European shares fell on Wednesday on persistent concerns over Greece's ability to reform its economy and lower than expected PMI numbers for the euro zone. Greece must complete a swap of private holdings of its debt as part of a EU/IMF bailout package by around March 10, Prime Minister Lucas Papademos said on Tuesday.