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This Article is From Jul 06, 2017

U.S. Index Futures Decline After Three Days of Stock Advances

U.S. Index Futures Decline After Three Days of Stock Advances

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(Bloomberg) -- U.S. index futures tracked European stocks lower, signaling a loss for the S&P 500 for the first time in four days.

S&P 500 contracts expiring in September dropped 0.4 percent as of 6:09 a.m. in New York, with the underlying gauge at a one-week high. Shares in Europe fell with bonds after a French debt auction showed softer demand. Contracts on the Dow Jones Industrial Average dropped 0.3 percent, and those on the Nasdaq 100 Index slid 0.8 percent.

  • A private report on employment is due today, before the government payrolls release on Friday. A divided Federal Reserve policy committee couldn't reach an agreement in June on when to begin unwinding its balance sheet, minutes from the latest meeting showed yesterday.
  • Geopolitical concerns persist as UN Security Council held an emergency meeting Wednesday in response to North Korea's latest provocation. Donald Trump heads to Germany for the G-20 meeting, where he'll meet Vladimir Putin to discuss cooperation over Syria.
  • Oil rebounded from the biggest daily loss in a month as U.S. crude and gasoline stockpiles declined.

To contact the reporter on this story: Gabriella Lovas in Budapest at glovas2@bloomberg.net.

To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, Namitha Jagadeesh

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