Global stocks and Wall Street futures declined Monday ahead of a U.S. economic update that is expected to show growth slowing.
London and Frankfurt opened lower. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices fell.Wall Street's benchmark S&P 500 index gained 0.1% on Friday but ended with a small loss for the week.
"There is no doubt that the global economy is weakening and vulnerable to further slowing," Clifford Bennett of ACY Securities said in a report. On Friday, the S&P 500 and the Dow rose 0.1% as investors focused on the corporate earnings and forecasts. Forecasters expect Thursday's data to show U.S. economic growth decelerated to 2% in the first three months of 2023 from 2.6% in last year's final quarter.
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