Stock markets today: Global stocks lower ahead of U.S. data
CTV
Global stocks and Wall Street futures declined Monday ahead of a U.S. economic update that is expected to show growth slowing.
Global stocks and Wall Street futures declined Monday ahead of a U.S. economic update that is expected to show growth slowing.
London and Frankfurt opened lower. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices fell.
Wall Street's benchmark S&P 500 index gained 0.1% on Friday but ended with a small loss for the week.
U.S. data this week are expected to show first-quarter economic growth weakened following interest rate hikes to cool business activity and inflation. That might encourage the Federal Reserve to postpone or scale down more possible rate hikes at its May meeting.
France and Germany also report economic growth this week following surveys that show European factory activity declining.
"There is no doubt that the global economy is weakening and vulnerable to further slowing," Clifford Bennett of ACY Securities said in a report.
In early trading, the FTSE in London fell 0.2% to 7,901.22 and the DAX in Frankfurt opened 0.1% lower at 15,860.34. The CAC 40 in Paris shed 0.3% to 7,558.20.
