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European equities are expected to open lower

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European equities are expected to open lower Thursday after an uninspiring lead from Asia and Wall Street, and as investors keep an eye on Volkswagen shares after the resignation of the embattled company's chief executive Wednesday.

Meanwhile in Europe, investors will watch Volkswagen shares closely today after the chief executive of the scandal-hit German carmaker quit late on Wednesday. Martin Winterkorn announced his resignation after the company was accused of cheating U.S. emissions tests on its diesel cars.

Meanwhile, the president of the European Central Bank (ECB), Mario Draghi, said on Wednesday that risks to Europe's inflation and growth outlook had increased due to the slowdown in emerging markets. Draghi, who was addressing the European parliament's committee on economic and monetary affairs, said the ECB needed more time before deciding on whether to apply further stimulus.

In other Europe news, EU leaders met Wednesday to discuss how to deal with the migrant crisis. Ukraine actually went into default, but that was expected from the preliminary analysis.

In Asia, shares turned mixed on Thursday, with Japan's Nikkei 225 index deepening losses.


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