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World markets are getting pounded today, as American, European, and Japanese indices are all taking losses.
Markets across Europe just closed at their lowest levels of the day.
The London FTSE 100 fell 2.1 percent, the French CAC 40 fell 1.9%, the German DAX lost 1.2%, the Spanish IBEX 35 retreated 0.9% and the Italian FTSE MIB fell 1.0%.
European markets are now trading at six-week lows.
Meanwhile, in the United States, the Dow Jones Industrial Average is down 1.2 percent (off 180 points), and is now trading at 14,991.
The S&P 500 is down 1.1 percent, and the NASDAQ is 1.0 percent lower. All three are trading at their lowest levels of the day.
The S&P 500 is trading around 1617 this morning, 4.1 percent off its peak level of 1687 turned in on May 22.
And the Japanese Nikkei 225, after falling a whopping 3.8 percent in the wake of a speech from the country's prime minister that failed to deliver, continues to head lower in after-hours futures trading.
The Nikkei is now down 17 percent from its May 22 peak, only three percentage points away from a bear market.
10-year Treasury yields are down 5 basis points to 2.10 percent. French and German yields are down 2 and 3 basis points to 2.06 percent and 1.51 percent, respectively.
Italian yields are up 4 basis points to 4.13 percent, and Spanish yields are up 2 basis points to 4.42% percent. Portuguese bond yields are up 9 basis points to 5.72 percent.
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