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Premarket: Indexes head for modest gains, Lululemon shares dive Add to ...

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European markets have come off their lows this morning and U.S. stock futures suggest some modest gains at the open here in North America. But major moves in markets aren't expected until there's further clarity on developments in Cyprus.

The country's surprise decision over the weekend to introduce a one-off tax on bank deposits, which threatens to undermine investor confidence in the euro zone and throw the region back into a financial crisis, is still facing considerable uncertainty.

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