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(Kitco News) – World stock markets were mostly lower overnight, on corrective and profit-taking pullbacks from recent gains that put many of the indexes at multi-month, multi-year or record highs. European stock indexes were also pressured on disappointing corporate earnings reports coming out of the European Union countries. Asian stocks were also hit by weaker mining shares. U.S. stock indexes are pointed toward lower openings when the New York day session begins. The U.S. indexes hit record highs this week and are on an extended bull run that is well overdue for a good downside correction.