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US Futures Slip With Europe, Asia as Russia Amass Troops on Ukraine Border; Fox, Sprint Abandon M&A Bids

U.S. stock futures followed European and Asian markets lower Wednesday after Russia's troops on the Ukraine border rose to around 20,000, suggesting it may be getting ready to invade, and as two big M&A deals fell through.

In economic data out Wednesday, the U.S. international trade gap is expected to have widened to $45 billion from $44.4 billion within the consensus range between $46.7 billion to $41.0 billion, according to data compiled by Econoday.

In equities, Twenty-First Century Fox ( FOXA ) dropped its bid to buy Time Warner ( TWX ). FOXA was higher over 6% while TWX fell nearly 13% before the market opened. Meanwhile Sprint ( S ) was also down over 13% and T-Mobile US ( TMUS ) dropped nearly 8% as Sprint reportedly ended talks to buy its rival due to regulatory headwinds.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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