France's CAC 40 fell 0.7% in early trading to 6,050.25, while Germany's DAX shed 0.2% to 12,933.45. Britain's FTSE 100 slipped 0.3% to 7,205.07. The future for the Dow industrials was up 0.2%, while that for the S&P 500 gained 0.3%.
Analysts said the Tokyo market was seeing some buying after a three-day weekend. Monday was a national holiday in Japan. The U.S. market has been lurching mostly lower for weeks on worries that the Federal Reserve and other central banks will slam the brake too hard on the economy in hopes of bringing down high inflation. If they’re too aggressive with their interest-rate hikes, they could cause a recession.
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