Look Out Below: Shanghai Falls 4%

Bloomberg: Stocks fell for a seventh day, the longest losing streak since January, on concern China will take steps to curb inflation and as European finance officials met over Ireland’s debt woes. European Bourses were off 1-1.5%, and the yield on the 10-year U.S. Treasury note slipped five basis points to 2.91 percent.

U.S. index futures dropped, bonds rebounded after a two-day slide and the dollar strengthened.

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