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Global Markets Update: European Shares Dip on Lack of Greek Debt Deal

5:10 AM ET Tue, 24 Jan 2012

US futures point to Wall Street opening down today. European shares also fell this morning as worries about a messy Greek default increased after debt talks stumbled again, while weak results from Siemens and KPN also weighed. Australian shares ended flat after shedding earlier gains on a media report that Portugal may be in need of a second bailout fund to repay 9 billion euros of debt in September. Asian trading was quiet as many markets were closed for Chinese New Year.