Investing.com - U.S. stock futures indices pointed to a lower open on Wall Street on Monday amid anxiety that the Federal Reserve may hike interest rates as soon as next week.
Market sentiment was also hit by concerns that the European Central Bank and the Bank of Japan may be slowing their stimulus programs.
The blue-chip Dow futures were down 0.65%, the S&P 500 futures fell 0.64%, while the tech-heavy Nasdaq 100 futures shed 0.82%.
Traders were looking ahead to a speech by Fed Governor Lael Brainard later in the day after Boston Fed President Eric Rosengren said Friday that “a reasonable case can be made” for hiking rates.
Investors currently price a 24% chance of a rate hike at the Fed’s next meeting, which is scheduled for September 20-21, according to federal funds futures tracked Investing.com's Fed Rate Monitor Tool.
European and Asian stock markets fell by the most since the June Brexit vote on Monday as a global selloff deepened.