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Tuesday, January 6, 2015

European stocks are in the red

As fears over Greece's future in the euro zone and a fresh multi-year low for oil prices weighed on markets. Investors will be watching for data this week that is forecast to show December consumer prices in Europe falling for the first time in five years, adding to the argument for Mario Draghi to extend stimulus. The euro fell to $1.1861 on Sunday night, its weakest level since March 2006, as investors bet on the quantitative easing. The currency last traded at $1.1917.

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