US. Stock futures fell Friday, indicating a fifth losing session on Wall Street after Chinese exports slumped sharply.
Investors are also prepared for future US employment data.
What were the main indexes?
Futures on Dow Jones Industrial Average
fell 79 points or 0.3% to 25,425 while the S & P 500 futures value was down
yielded 9.35 points or 0.4% to 2.745.5 and Nasdaq-1
futures fell 35 points or 0.5% to 7,021.
On Thursday, the Dow Jones reached industrial average
fell 200.23 points or 0.8% to 25,473.23. The S & P 500 index
fell 0.8% to 2,748.93 and the Nasdaq Composite Index
decreased 1.1% to 7,421.46.
With a session on the left, the Nasdaq is forecast to slump by 2.2% for the week, while Dow Industrials and S & P 500 are each about 2% down.
Driving the Market
Chinese equities fell 4.4%, posting the largest single-day percentage decline since October on Friday, after the nation saw an 20% drop in exports following a 9th , 1 mark had reported% profit in January. Officials attributed the decline to falling demand and some New Year celebrations. However, the economists said that even if these two months were added together, the data looked weak.
And China's largest broker, Citic Securities, hit the People's Insurance Group of China
with a rare sell rating, with Reuters claiming valuation concerns. These shares fell 4% in Hong Kong, having fallen 10% at some point.
China's news is contributing to concerns about global growth, while investors are still giving in to support from a softer than expected European Central Bank, which announced a new announcement to support a slumping economy on Thursday. These included new long-term loans to European financial institutions and a surprising promise to halt interest rate hikes at least until the end of the year.
Read: Why the ECB's Surprise Policy Shook Global Stock Markets
Other data on Friday showed that German manufacturing orders fell sharply in January, although data for December were revised upwards ,
Investors are also looking to US employment data on Friday. The February non-farm payroll settlement is due at 8:30 am Eastern time, as well as the unemployment rate and average hourly wages. MarketWatch surveyed economists forecast the creation of 178,000 new jobs and a downward revision to the January range of 304,000.
And uncertainty over a US-China trade agreement continued. A Thursday report from the New York Times said the two sides had reached a broad agreement, but Chinese officials were concerned about the final terms of an agreement.
How have other markets acted?
Asian stocks were down across the board, led by this huge loss for the Shanghai Composite
and a 2% drop for the Nikkei 225
Investors sought protection in safe harbor assets such as the Japanese Yen
which weighed on the US dollar
GCJ9, + 0.68%
Prices declined along with equities.
European equities listed global equities with the Stoxx Europe 600 index
decreased by 0.5%.
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