U.S. stock futures edged lower as more weak economic data out of China pressured global markets., further dampening hopes for a rapid rebound in the world’s second-largest economy after the end of coronavirus restrictions.can be implemented by the June 5 deadline. The agreement passed its first legislative hurdle Tuesday, as Washington races to prevent a first-ever U.S. default.S&P 500, Dow and Nasdaq-100 contracts slipped between 0.1% and 0.2%.
Yields on benchmark 10-year Treasurys fell to 3.655%, from 3.697% Tuesday. Yields on German and French bonds also dropped after data showed inflation in France slowed in May.The Stoxx Europe 600 lost 0.3%. China’s Shanghai Composite Index fell 0.6% to one of itsBrent futures fell 1% to $73 a barrel. China is the world’s largest crude importer. Traders worry that tensions between Russia and Saudi Arabia could stop members of the OPEC cartel from agreeing to deepen their output cuts.
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