European Markets Looking to Follow Global Trend

European equity-index futures fell, signaling stocks may drop a fourth day, on concern the region is slowing, hurting global growth. Asian shares retreated with metals and Brent crude dropped to the lowest since 2010.

Euro Stoxx 50 Index futures lost 1.1 percent by 7:22 a.m. in London and contracts on the FTSE 100 Index slid 1.1 percent. Standard & Poor’s 500 Index futures fell 0.1 percent after the gauge dropped the most since April, while the MSCI Asia Pacific Index sank 1.4 percent, set for its lowest close since March. Copper in London declined 0.9 percent while Brent decreased as much as 2.2 percent. Malaysia’s ringgit retreated from a two-week high before the budget.

Concerns are mounting that the global economy may cool after European Central Bank President Mario Draghi said there are signs the region’s recovery is losing momentum. Federal Reserve officials said the U.S. economy may be at risk from a global slowdown as the International Monetary Fund this week cut its outlook for world growth. China is taking targeted steps to support expansion, and Bank of Japan Governor Haruhiko Kuroda said the bank has “many options” for additional easing.

Bloomberg

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