US Stock index futures were lower Friday, with market participants increasingly concerned about a growing global economic downturn.
Friday's market focus continued to be geared to global trade development after President Donald Trump said he was not going to Meet Chinese President Xi Jinping before March 1 to arrive at a deal.
Trump's attitude hit investors hoping for a positive solution to a long-term trade conflict between the world The two biggest economies.
While Trump and Xi still expected to meet eventually, there is too much work to do to find a deal with China and prepare Trump for a high-level meeting with North Korea's Kim Jong Un. Trump's summit with Kim is set for February 27-28.
On the other hand, on Thursday, the European Commission wrote down its forecast for economic growth in the euro area in 2019 and 2020. The news raised the fear that a global economic downturn is spreading to Europe.
There are no major financial reports scheduled on Friday.