Global markets were subdued after a lacklustre session on Wall Street saw major indices snapping their 3-day rally to end in the red. European markets too ended lower after weaker-than-expected eurozone economic data reviving recession fears in Europe.
European Markets
A weak euro zone service sector activity, revived fears of the economy sinking into recession and raising doubts over the Greece's ability to revive its economy and push fiscal reforms needed under the just agreed bailout programme. Fitch cut its rating for Greek sovereign debt to C from triple-C," saying that a default is
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