U.S. stock futures slip after weak China data damps sentiment

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U.S. stock futures slip after weak China data damps sentiment
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A risk-off tone was enveloping global markets -- suppressing U.S. futures -- after weak China trade data heightened concerns about a slowing global economy. U.S. stock futures were lower as markets displayed a cautious tone following weak China trade data.

How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 408 points, or 1.16%, to 35473, the S&P 500 SPX increased 40 points, or 0.9%, to 4518, and the Nasdaq Composite COMP gained 85 points, or 0.61%, to 13994.

What’s driving markets A broad, though fairly mild, risk-off tone was enveloping global markets — and suppressing U.S. equity futures — after weak China trade data heightened concerns about a slowing global economy. Assets sensitive to China demand were hit, with industrial commodities like crude oil CL.1 and copper HG00 lower. Shares in London-listed miners were under pressure.

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