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Global Markets Update: Lower Open for European Equity Markets

Wednesday, 22 Feb 2012 | 5:10 AM ET

Negative sentiment from overseas is affecting US markets with futures pointing to a lower open for Wall Street. European shares were flat in early trade on Wednesday, after upbeat manufacturing data from China and France was offset by continued worries over Greece's ability to undertake austerity measures. Asian shares reversed earlier losses on Wednesday to trade in positive territory, but gains were limited on doubts about the long-term feasibility of the Greek bailout and as concerns grew about rising oil prices.