Futures Flat After More Signs of Slowing in Asia

By: Associated Press Email
By: Associated Press Email

Stock futures are relatively flat this morning with a report from Japan showing slower-than-expected economic growth.

There were also hopes that China would roll out stimulus measures over the weekend after Beijing released terrible industrial and retail numbers Friday. That did not happen.

Dow Jones industrial futures are flat at 13,172 and the broader S&P futures have added 0.40 points to 1,402.80. Nasdaq futures are up 2.25 points to 2,723.25.

Japan's economy grew at a slower-than-expected annualized rate of 1.4 percent in April-June, which cooled futures in the U.S. with no economic indicators or major corporate earnings at home to consider Monday.

Japan's Nikkei 225 fell marginally to close at 8,885.15, with traders taking Japan's growth figures in stride. However, Hong Kong's Hang Seng fell 0.3 percent.

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