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.
U.S. data this week are expected to show first-quarter economic growth weakened following interest rate hikes to cool business activity and inflation. That might encourage the Federal Reserve to postpone or scale down more possible rate hikes at its May meeting.
