By Chuck Mikolajczak
NEW YORK (Reuters) - Stock index futures slipped on Monday, putting the S&P on track for its third consecutive decline, after economic data in Asia indicated the global economy continues to slow.
Japan's core machinery orders fell at a record pace of 14.8 percent in May, far worse than the 3.3 percent forecast, while inflation in China eased to a 29-month low of 2.2 percent in June.
The data comes on the heels of Friday's disappointing U.S. jobs report which showed non-farm payrolls grew by only 80,000 in June.
Adding to pressure, Spanish bond yields rose past the 7 percent level viewed as unsustainable ahead of a meeting by euro zone finance ministers later in the day.
Alcoa Inc
S&P 500 futures fell 5.1 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 59 points, and Nasdaq 100 futures declined 7.75 points.
Celgene Corp
Amerigroup Corp
European equities were lower for a fourth straight session as the global economic data hit miners and a top German retailer offered fresh proof of the euro zone crisis impact on corporates ahead of the earnings season. <.EU>
Asian shares slid after U.S. jobs data and cooling inflation in China exacerbated worries about flagging global economic growth, with investors not particularly hopeful that a European meeting later in the day would bring further progress for the region's banks.
(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama)
Relacionados
- La producción industrial sube dos décimas en mayo, pero acumula una caída del 7,9% en lo que va de año en Galicia
- Economía/Macro.- La producción industrial modera su caída en mayo al 5,4% y acumula ya nueve meses de descensos
- El paro baja en Catalunya en 15.356 personas en junio y acumula cuatro meses de descensos