US equity-index futures and European bonds fell as investors worried about the twin threats of dwindling economic growth and stubborn inflation.
Contracts on the S&P 500 and Nasdaq 100 dropped at least 0.3% each after the underlying indexes capped their 11th decline in 13 weeks. European stocks rose for the first time in four days as dip-buyers emerged. The dollar erased its losses. Italian bonds tumbled with investors watching domestic political tensions. US markets were closed for Independence Day holiday.