Futures slide at start of year on concerns of global slowdown [Reuters]
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Source: Reuters
Futures slide at start of year on concerns of global slowdown | Reuters 4 Min Read (Reuters) - U.S. stock index futures sank on Wednesday, offering no respite as Wall Street comes off its worst year in a decade, as weak data in Asia and Europe confirmed fears of a global economic slowdown, while the U.S. government shutdown dragged on. S&P; 500 e-minis ESc1 and Dow e-minis 1YMc1 were down 1.2 percent at 7:16 a.m. ET, while Nasdaq 100 e-minis NQc1 slid 1.9 percent. China’s factory activity contracted for the first time in 19 months in December, hit by the Sino-U.S. trade war, the private Caixin/Markit PMI survey showed, with the weakness spilling over to other Asian economies. While Euro zone manufacturing activity barely avoided contraction, a drop for the fifth month took the reading to its lowest since February 2016. The grim readings come ahead of the closely watched U.S. manufacturing survey on Thursday, payrolls data on Friday and the U.S. earnings season later this month, which
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