Australian and Japanese stock futures decline as Draghi disappoints

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Source: Bloomberg
Australian and Japanese stock futures declined after the ECB President Mario Draghi failed to convince investors on decisive actions to prop up growth. Increasing Spanish borrowing costs escalated concern over the Eurozone debt crisis as well. Futures on Nikkei 225 Stock Average closed at 8,565 down from 8,630, while futures on S&P/ASX 200 Index lost 0.7%.
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