Global stocks mostly lower ahead of Fed minutes, negativity toward corporate earnings
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Global stock markets struggled Wednesday, as Europe's debt crisis rolls on and investors brace themselves for mediocre second-quarter corporate profits. U.S. markets slipped on fears the Federal Reserve may not give much hope for further easing when it next meets.
In Europe, where Spain's debt woes continue to take center stage, Britain's FTSE 100 closed flat at 5,664.48. France's CAC-40 shed 0.57 percent to 3,157.25, while Germany's DAX rose 0.24 percent to 6,453.85.
"Some large international investors have declared publicly they are shunning eurozone investments altogether," said Monument Securities Analyst Stephen Lewis. "Their asset reallocations are presumably contributing to downward pressure on (government bond) yields in US and UK markets, among others."
Wall Street declined in early trading, with the Dow Jones industrial average down 0.23 percent at 12,624.40 and the S&P 500 risking its fifth straight decline, flat at 1,341.8
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