U.S. Stock Futures Follow Global Indexes Lower

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U.S. stock futures slipped to start the week, suggesting major indexes could fall further after ending on Friday with losses.

S&P 500 futures fell 0.5% and futures tied to the Dow Jones Industrial Average slipped 0.6%. Changes in futures don’t necessarily predict market moves after the opening bell.

European stocks declined Monday for a four-day losing streak. The Stoxx Europe 600 was lower 1% in morning trade dragged down by declines in energy and utilities sectors.

Repsol

fell 2.1% after more than one week inching lower.

The U.K.’s FTSE 100 declined 1.2%. Other regional indexes in Europe also mostly slipped as France’s CAC 40 was down 1.1%, the U.K.’s FTSE 250 shed 0.9% and Germany’s DAX lost 0.9%.

The Swiss franc, the euro and the British pound dropped 0.3%, 0.1% and 0.2% respectively against the U.S. dollar.

In commodities, international benchmark Brent crude slipped 1.3% to $72.64 a barrel. Gold also fell 0.6% to $1,804.80 a troy ounce.

German 10-year bund yields declined to minus 0.358% and the 10-year U.K. government debt known as gilts yield was down to 0.620%. 10-year U.S. Treasury yields fell to 1.288% from 1.300%. Yields move inversely to bond prices.

Stocks in Asia mostly slipped as Hong Kong’s Hang Seng declined 1.9%, Japan’s Nikkei 225 index fell 1.3% and China’s benchmark Shanghai Composite was mostly flat after declining 0.9% during the session.

Traders gathered on the floor of the New York Stock Exchange on Friday.



Photo:

Richard Drew/Associated Press

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