Global shares stumble upon retreat on Wall Street
US stock market futures and stocks in Europe and Asia on Monday traded lower after Wall Street closed last week with a wide retreat.
Monday's weak performances came in the midst of a news in news about the collective war between Beijing and Washington. China-US. Trade negotiations are due to resume Thursday in Beijing.
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Dow Jones futures were lower by 0.2 percent. S & P 500 fell 0.2 percent and the Nasdaq Composite was down 0.5 percent.
In Europe, London's FTSE lost 0.4 percent, Germany's DAX fell 0.2 percent and France's CAC fell 0.3 percent.
The decline started in Asia, where China's Shanghai Composite dropped 2 percent, The Hang Seng in Hong Kong also lost 2 percent and Japan's Nikkei slipped 3 percent.
| Ticker | Security | Last | Change | % Chg |
|---|---|---|---|---|
| I: DJI | DOW JONES AVERAGES | 25502.32 | -460.1[ads1]9 | -1.77% |
| ] SP500 | S & P 500 | 2800.71 | -54.17 | -1.90% |
| I: COMP | NASDAQ COMPOSITE INDEX | 7642.666882 | -196.29 | -2.50% |
Wall Street was rolled Friday with fresh signs that global economic growth is slowing. Jitters asked for a provision in shares and sent the bond yields sharply lower, flashing warning lights for a possible decline.
Among the triggers were news that factory production in the euro-currency alliance fell on its steepest in about six years, according to surveys by the manufacturer's purchasing managers.
Concerned investors have shifted money to bonds, giving returns much lower. The return on the 10-year Treasury was 2.47 percent in pre-trading hours Monday, up from 2.43 percent from 2.54 percent late on Thursday, a big move.
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The slide in bond yields has damaged bank deposits, which together with technology companies accounted for much of the broad decline in the shares. The tool sector was the only one who showed a profit.
Associated Press contributed to this report.
