Durables orders, Spain, Tyco-Pentair in focus

Indications: U.S. stock futures pare gains after durables report

U.S. stock futures on Wednesday scaled back gains after the Commerce Department reported orders for long-lasting U.S. goods climbed 2.2% in February.

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U.S. February durable-goods orders rose 2.2%, less than expected

Europe Markets: Bourses a touch lower on resources shares

European stocks inched lower on Wednesday in choppy action, as resource firms retreated as commodity prices declined, while investors awaited U.S. durable-goods orders.

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Spain�s Rajoy aims to buy time with new budget

Euro zone mulls quicker injections to firewall

London Markets: FTSE is off after drop in GDP

U.K. stocks were slightly lower on Wednesday, after British gross domestic product for the fourth quarter showed a larger-than-expected decline. Banks and miners also weighed on sentiment.

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Asia Markets: China drops, leading most Asian bourses lower

Chinese shares tumbled to lead a broad decline for major Asian markets Wednesday, with the Shanghai benchmark suffering this year�s worst percentage loss so far, led by mining and metal stocks.

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