European markets should close lower?

Japan's Nikkei share average fell 0.8 %.
The yen rose to 119.99 to the dollar , and Australians and New Zealand currencies weakened.

Australian shares dropped 1.7 per cent.

Shanghai shares posted their biggest one-day percentage fall in five years

Oil prices receded to fresh five-year lows  

German imports declined 3.1 percent in October from date of the previous month. Exports dropped 0.5 percent.