Stocks Muted, US Futures Fall as China Bets Fade: Markets Wrap
- Expectations for Chinese demand support oil contracts
- Global sentiment still on edge over Fed rate-hiking path
This article is for subscribers only.
US equity-index futures fell as concern the Federal Reserve will keep borrowing costs higher for longer outweighed optimism over China’s economic recovery.
Contracts on the S&P 500 Index slipped 0.3% as trading was muted amid a US holiday. The Stoxx Europe 600 Index was marginally higher after fluctuating in a tight range throughout the day. The Shanghai Composite Index climbed the most since November. Treasury futures were lower as investors assessed hawkish comments by Federal Reserve officials. The dollar took a breather from a three-week rally.