Jan
21
U.S. Futures, Europe Stocks Dip Amid Growth Noise: Markets Wrap
By-
IMF cuts world growth forecast; trade outlook as murky as ever
- Markets lack conviction as U.S. exchanges shutter for holiday
U.S. equity futures and European stocks slipped on Monday while Asian markets posted modest gains as investors weighed the latest batch of competing headlines on global growth and trade. The dollar was steady and bonds in Europe were mixed.
With American markets shut for a holiday, there seemed to be little to inspire either contracts on the S&P 500 Index or the Stoxx Europe 600 Index, with the latter paring the worst of an early drop but still ending slightly down. News that the IMF was cutting its global growth forecast to the weakest in three years — in part because of softening demand in Europe — merely cemented an already downbeat mood. Bonds across the region were mixed…
U.S. Futures, Europe Stocks Dip Amid Growth Noise: Markets Wrap
