World markets wane on recession fears (AP)

A man walks past an electronic stock board in downtown Tokyo, Japan, Friday, Oct. 31, 2008. Japan's stocks opened sharply lower on Friday, falling below the 9,000 level set up on the previous day. (AP Photo/Itsuo Inouye)AP - European markets were modestly lower Friday ahead of Wall Street's open with investors continuing to worry about the global economic outlook despite another interest rate reduction, this time from the Bank of Japan.

AP

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