In the footsteps of weak global markets, US equity futures are sharply lower this morning, further subtracting from yesterday’s losses. In Asia, Japan’s Nikkei closed 1.10% lower while Chinese stocks fell 0.94%. Results are similar in Europe where London’s FTSE 100 is currently 1.08% down and France’s CAC 40 is down 1.63%. “Across-the-board risk aversion was the theme overnight, with global equity markets almost uniformly lower as worries about Greece and some soft data are weighing,” said Benjamin Reitzes from BMO Capital Markets. 90 minutes before the bell, Dow futures are down 42 points to 10,807 and S&P 500 futures are off 5.75 points to 1,173.25. In the bond market, the 2 year note is +0-01 at 99-29 yielding 1.04% and the 10 year Treasury note is...(read more)

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