Futures on the S&P 500 and Nasdaq 100 were down about 0.3 per cent and 0.4 per cent respectively after most American equities dropped Friday when wage data showed inflation remains a threat.
“Everyone is looking at inflation or has been looking at inflation for a long time,” Nicolo Bocchin, global head of fixed income at Azimut Group, said on Bloomberg Television. “Now it’s time to look at growth.” An Asia equity benchmark slipped for a fourth day, heading for the lowest close in more than a month. Shares in Hong Kong and mainland China pared gains after Chinese data showed further declines in factory-gate prices while core inflation slowed. The offshore yuan swung to a loss after the data.
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