European Stocks Decline on Japan Economic Downgrade

European stocks declined, snapping two days of gains, after Japan lowered an assessment of its economy for the first time in 10 months. U.S. index futures were little changed, while Asian shares fell.
Equity Valuations Lofty, Earnings Lousy: Morganlander
24:29 - Stifel Nicolaus' Chad Morganlander and Bloomberg's Michael Regan discuss the global selloff in stocks with Bloomberg's Pimm Fox on "Taking Stock." (Source: Bloomberg)
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