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Wall Street Poised For Weaker Open

Friday,   09-Nov-2018   04:28 PM (IST)

Global stocks were lower on Friday as expectations of a Fed rate hike and weak Chinese data dampened demand for riskier assets.The S&P 500 futures fell 0.48% while Dow futures lost 0.39% and tech heavy Nasdaq 100 futures decreased 0.67%.Trading in Europe was lower, with the DAX, FTSE 100 and CAC 40 all in the red as tensions between the European Commission and Italy over its 2019 budget deficit continued.Meanwhile in Asia, stocks closed lower after cooling producer price inflation data and falling car sales in China suggest the economy is struggling to gain traction. In Hong Kong, the Hang Seng fell 2.39% and the China A50 Index decreased 2.28%. The Shanghai Composite was down 1.39% while in Japan, the TOPIX inched down 0.49% and the Nikkei 225 lost 1.05%.