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.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.