Europe Stocks Fall With U.S. Futures Before Jobs Report
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European stocks fell for a third day and U.S. equity-index futures dropped as analysts cut estimates for growth in America’s monthly payrolls. Commodities declined as bond yields from France to Austria slid to records.
The Stoxx Europe 600 Index extended declines, losing 1.5 percent at 7:25 a.m. in New York as airline shares tumbled on concern an outbreak of bird flu in China will hurt travel demand. Standard & Poor’s 500 Index futures retreated 0.6 percent. The euro weakened 0.1 percent to $1.2921. France’s 10-year bond yield dropped to 1.747 percent, the lowest level since Bloomberg began compiling the data in 1990. The won sank 0.7 percent. The S&P GSCI gauge of 24 commodities fell 0.3 percent.