Europe’s index futures fell, indicating a second day of losses after stocks slipped from a three-month high.
Contracts on the Euro Stoxx 50 Index expiring next month dropped 0.4 percent at 7:08 a.m. in London. The Stoxx Europe 600 Index had its biggest slide in more than a week yesterday amid declines in metals that dragged commodity producers lower.
The benchmark equity gauge rebounded 13 percent from its low in September through the end of last week on speculation the European Central Bank will add to its stimulus program and on optimism that higher U.S. interest rates won’t hamper growth. Traders are placing a 74 percent chance that the Federal Reserve will act next month.
Still, the Stoxx 600 hasn’t managed to return to its peak from April. As of yesterday, it was more than 8 percent lower. The index has pared its annual advance to 11 percent.
Patrick Abboud
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