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With few economic indicators today and earnings season winding down, investors are dealing with reports that Japan's economy is slowing.
Japan's cabinet office reported that gross domestic product (GDP) grew at a 1.4% annualized rate in the second quarter, compared to 5.5% in the previous quarter and below the 2.3% economists expected.
Investors are eyeing Europe with a continued sense of apprehension after Italy completed a successful round of selling one-year Treasury bills. Yet, investors worry that Italian yields on ten-year bonds will soon reach Spain's which is once again hovering at the dangerous 7% line.