U.S. stock futures flat; global growth in focus
LONDON (MarketWatch) — U.S. stock market futures trimmed losses to trade largely flat Monday, with the global economy in focus after Japan reported a sharp deceleration in growth and as a major broker cut forecasts for China’s gross domestic product.
Futures for the Dow Jones Industrial Average (CBOT JU2) reversed earlier losses to inch up 4 points to 13,176. Futures for the Standard & Poor’s 500 index (GLC:SPU2) rose 4 points to 1,403. Futures for the Nasdaq-100 index (CME:NDU2) added 1.75 points to 2,722.75.
With most corporate results out of the way, investors were focusing on macroeconomics and signs of more global sluggishness to start the trading week.
GDP in Japan grew at an annualized 1.4% pace in the three months to June, in sharp contrast to an upwardly revised 5.5% expansion in the prior quarter. Economists had projected growth of 2.7% http://www.marketwatch.com/story/global-growt...beforebell