S&P 500 Futures Steady on US Bank Earnings Boost – Europe Market Wrap

Stock markets fell Friday after a higher-than-expected US inflation figure raised concerns about the interest-rate outlook, and investors waited for the earnings season to begin.

Europe’s Stoxx 600 index remained steady, but France’s CAC 40 gauge recovered from an early loss as officials revealed a budget that will raise taxes on firms and the rich. Contracts on the Nasdaq 100 fell 0.3%, led down by a 6% premarket slump in Tesla shares after its robotaxi Cybercab launch was viewed as lacking in information.

The 8.5% increase in China’s CSI 300 index last week has been partially reversed this week, with premarket trading seeing a decline in US-listed Chinese equities as well.