European stock futures are down more than 1% in Tuesday’s pre-opening session, pointing to a “left foot” start to the day, following what was the trend yesterday on Wall Street and also in part of the Asian session.
The high price of commodities is raising fears about rising inflation, which have taken the technology sector to the mat in the US and also across the Asian continent.
The MSCI index for the Asia-Pacific region fell at the fastest pace since March of this year, with the technology sector pressuring. In Japan and Hong Kong, declines were also recorded, while China managed to reverse and end the session with a timid gain.
Futures on the Nasdaq Composite, the US technology index, are down more than 1% pre-opening and S&P 500 futures are down 0.3%.
