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Thu August 11, 2011
Markets Off To Another Volatile Start
At opening the markets opened low, then regained their steam on the good news we reported earlier about lower unemployment claims. Then, the stocks headed lower. All of that to say, it looks like it's going to be another dramatic day on Wall Street.
The European markets still dealing with fears about France's credit ratings could give us some indication of the type of up-and-down day we may be in for. Here's Dow Jones Newswires with what happened there:
European markets turned mostly lower as concerns again swirled about the fate of France's triple-A rating and the health of that country's banks. The Stoxx Europe 600 dropped 1.2% after being up 2.3% earlier in the session. Asian bourses were mixed, with China's Shanghai Composite rising 1.3% but Japan's Nikkei 225 shedding 0.6%.
We will keep an eye on the markets throughout the day.