(Bloomberg) — European stocks followed Asian markets lower on Monday, while bonds steadied as investors recalibrated their bets in the wake of last week’s selloff. Boeing Co. tumbled in US premarket trading.
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The Stoxx 600 benchmark sank 0.3% as the Hang Seng China Enterprises Index had its lowest close since November 2022. Futures on the S&P 500 lost 0.2% with Boeing retreating 7.9% as more carriers grounded its 737 Max 9 aircraft. Brent crude slid below $78 after Saudi Arabia cut official selling prices for all regions amid persistent weakness in the market.
Markets are looking for direction after mixed US economic data on Friday capped a week that saw global equities sink the most since October on speculation the Federal Reserve was in no rush to reduce interest rates. The US inflation print due Thursday as well as the start of earnings season at the end of the week may offer investors further…
