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Wall St to open lower on global financial fears

Reuters

July 8th, 8:51am EDT
By Edward Krudy

Wall Street was set to skid more than 1 percent at the open on Monday as renewed jitters about Europe’s debt crisis and the global economy overshadowed the start of earnings season.

Global equity markets fell, the euro slid more than 1 percent and the cost of insuring Italian debt jumped to a record amid fears Europe’s debt crises could spread and news reports some European Union leaders were considering allowing a selective default by Greece.

Wall St to open lower on global financial fears


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TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THERE IS UNLIMITED RISK OF LOSS IN SELLING OPTIONS. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING.