European stocks retreated, paring
their weekly gain, as falling oil prices dragged energy stocks
lower. U.S. stock-index futures and Asian shares were little
changed.
The Stoxx Europe 600 Index slipped 0.4 percent to 346.29 at
8:37 a.m. in London, trimming its advance this week to 0.3
percent, as a gauge of energy stocks led declines.
The equity benchmark has still gained 2.8 percent this month, as Mario Draghi said the European Central Bank may broaden its asset-buying program to include the purchase of government bonds, while central banks in Japan and China stepped up measures to support their economies.
Standard & Poor’s 500 Index futures fell 0.1 percent today, while the MSCI Asia Pacific Index rose less than 0.1 percent.
Preliminary European Union data at 11 a.m. in Luxembourg may show euro-area consumer prices rose 0.3 percent this month from a year earlier, economists forecast. The rate has been below 1 percent since September 2013.
The ECB, which meets on Dec. 4 to discuss monetary policy, has pledged more stimulus if needed to revive inflation.
A separate release at the same time may show unemployment in the region held at 11.5 percent in October. An index of travel and leisure stocks rose, extending a two-day advance to 3.4 percent.
Energy stocks extended a two-day decline to 7.6 percent. A gauge of oil and gas companies on the Stoxx 600 slumped yesterday as the 12-nation Organization of Petroleum Exporting Countries kept its output target unchanged.
The measure is heading for a third straight monthly loss, the longest losing streak in almost two years.
The equity benchmark has still gained 2.8 percent this month, as Mario Draghi said the European Central Bank may broaden its asset-buying program to include the purchase of government bonds, while central banks in Japan and China stepped up measures to support their economies.
Standard & Poor’s 500 Index futures fell 0.1 percent today, while the MSCI Asia Pacific Index rose less than 0.1 percent.
Preliminary European Union data at 11 a.m. in Luxembourg may show euro-area consumer prices rose 0.3 percent this month from a year earlier, economists forecast. The rate has been below 1 percent since September 2013.
The ECB, which meets on Dec. 4 to discuss monetary policy, has pledged more stimulus if needed to revive inflation.
A separate release at the same time may show unemployment in the region held at 11.5 percent in October. An index of travel and leisure stocks rose, extending a two-day advance to 3.4 percent.
Energy stocks extended a two-day decline to 7.6 percent. A gauge of oil and gas companies on the Stoxx 600 slumped yesterday as the 12-nation Organization of Petroleum Exporting Countries kept its output target unchanged.
The measure is heading for a third straight monthly loss, the longest losing streak in almost two years.
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