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Stock Market Today: Dow Futures Fall After Weak China Data

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U.S. stock futures edged lower as Chinese factory and services activity data pressured equity markets around the world. Follow the latest markets updates.

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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