U.S. Stock Index Futures Fall on Saudi Tensions, Trade Woes
U.S. stock futures fell in Asia as investors maintain a risk-off mood amid increasing political tensions between Washington and Riyadh, while trade frictions worsen between the U.S. and China.
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U.S. stock index futures fell as investors turned cautious again amid rising political tensions between Washington and Riyadh, while trade frictions worsened between the U.S. and China. European stocks tumbled again, also hit by Italian budget woes and as Brexit talks dragged on with just days to go until a critical deadline. Finance chiefs warned on global economic fragility at an annual IMF gathering.
Futures contracts on the S&P 500 index fell 0.8 percent after the underlying gauge had its worst weekly slump since March 23 last week. Contracts on the Dow Jones Industrial Average and Nasdaq were down 0.7 percent and 1.1 percent, respectively.