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Markets Are Lower To Start A Huge Day For The Economy

Joe WeisenthalJul 31, 2013, 13:44 IST

dbking, FlickrMarkets are generally lower.

Starting off with Asia, Japan fell 1.45% last night. The Nikkei has been wobbly lately, and Japan is riding a string of weak economic data.

Europe is generally lower. Italy is down 0.6% (despite a better than expected unemployment report) and Germany is off 0.37% despite a weak retail sales number. France is off by about the same amount.

US futures are just down a hair.

There are four big events in the US today.

They are: The ADP Jobs report (which is a preview for Friday's official jobs report), the GDP report, Chicago PMI (a regional manufacturing index) and a Fed decision this afternoon.