US Stock Futures Tumble After European Elections

By: Associated Press Email

Posted: Mon 8:21 AM, May 07, 2012

A roiling political landscape in Europe is sending U.S. stock futures lower, with the parliament now split in economically fragile Greece and the election of Socialist as president in France.

The election results are seen as a rejection of budget cuts intended to whittle away debt in a continent saddled with it.

Global markets tumbled today after a weekend election in Greece with no party close to forming a government. Greece is in its fifth year of recession and unemployment is rampant.

France's president-elect, Francois Hollande, pledged to buck Europe's austerity trends.

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US Stock Futures Tumble After European Elections

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