Stock Futures Wobble Ahead of Economic Data

U.S. stock futures wavered ahead of gross domestic product data for the second quarter and weekly jobless figures.

S&P 500 futures slipped 0.1% and futures tied to the Dow Jones Industrial Average were flat. Changes in futures don’t necessarily predict market moves after the markets open.

In Europe, the Stoxx Europe 600 was down 0.4% in morning trade dragged down by declines in utilities and energy sectors.

The U.K.’s FTSE 100 was lower 0.7%. Other stock indexes in Europe also mostly fell as France’s CAC 40 lost 0.7%, the U.K.’s FTSE 250 shed 0.4% and Germany’s DAX declined 0.8%.

The Swiss franc and the British pound dropped 0.3% and 0.2% respectively against the U.S. dollar whereas the euro was flat against the dollar, with 1 euro buying $1.18.